The Fed raised rates. Here’s what that means for your wallet

Source: Tara Siegel Bernard, N.Y.Times (Paid Registration)

The Federal Reserve has raised its benchmark interest rate again — the fourth increase this year. 

Savers and retirees seeking juicier yields will have an easier time finding savings accounts that pay more than 2 percent, a figure that looks attractive after they were starved of any interest for nearly a decade. But people trying to whittle down a pile of credit card debt, tap their home equity line of credit or purchase a car may find that it will cost a little more.

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