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Progressive's Investments Have Lost $1 Billion: Should Investors Be Concerned?

·3 min read
Progressive's Investments Have Lost $1 Billion: Should Investors Be Concerned?
In this article:
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The Federal Reserve intends to bring it down by raising interest rates, and it recently increased its target interest rate the most since 1994. Interest rates impact every aspect of the economy. One company feeling the effects is the insurance giant Progressive (NYSE: PGR).