M

Help us fight

FOR YOUR TAX DOLLARS

Download our free

Fiscal Responsibility Index

 
EXPLAINER: Federal Interest Rates

EXPLAINER: Federal Interest Rates

What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of consistent rate increases since the...