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4/22/2022 2:44:26 PM
Fed Chair Powell says a double-sized rate hike is 'on the table' in May, making mortgages, car loans, and credit-card interest even more pricey
The Fed usually raises rates by 0.25 percentage points at each meeting. With inflation at 41-year highs, officials are picking up the pace. View in browser Business Insider Business Insider Business