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What Does the Fed Interest Rate Mean for U.S. Bancorp?

·3 min read
What Does the Fed Interest Rate Mean for U.S. Bancorp?
In this article:
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The Federal Reserve is looking to cool down these inflationary pressures by raising interest rates to curb demand. Whether that works or not is still to be seen, but we know that the Fed is committed to raising interest rates. The Fed has already raised its target interest rate to hover within a range of 0.75% to 1%, up from the range of 0% to 0.25% seen earlier this year.