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The Fed Raised Interest Rates Again: What It Means for This Warren Buffett Stock

June 16, 2022

Via: Yahoo

On Wednesday, the Federal Reserve announced it is increasing its benchmark interest rate by 0.75% in its continued effort to fight inflation. Rising interest rates impact every part of the economy, from how much interest you earn on your deposits to the amount of interest paid on credit cards and other loans. Banking stocks are sensitive to changes in interest rates and can do quite well when interest rates rise.

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