An aerial photo made with a drone shows a house for sale in Round Lake Heights, Illinois, USA, 21 January 2021.
Mandatory Credit:	Tannen Maury/EPA-EFE/Shutterstock

An aerial photo made with a drone shows a house for sale in Round Lake Heights, Illinois, USA, 21 January 2021.
Mandatory Credit: Tannen Maury/EPA-EFE/Shutterstock

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What the Fed rate hike means for you

The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families and businesses.