An aerial photo made with a drone shows a house for sale in Round Lake Heights, Illinois, USA, 21 January 2021. The Covid era of free money is over, and the Federal Reserve is stepping up its fight against inflation.
Mandatory Credit: Tannen Maury/EPA-EFE/Shutterstock
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What today's 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.
