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Five ways Americans will feel the latest interest rate hike

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The Federal Reserve raised its benchmark rate by 75 basis points in its campaign to drive borrowing costs high enough to bring down 40-year high inflation. Here's how the rate hike will affect Americans. #News #Reuters #federalreserve #ratehikes #inflation Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: http://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

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