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Economics expert addresses how fed rate hike will impact your finances

The Federal Reserve has raised the interest rate by three-quarters of a percent. It is the largest rate hike since 1994. It was a major move on Wednesday as the Federal Reserve announced its biggest rate increase in 28 years: three-quarters of a percent. How will this impact you? Western Mass News  got answers from John Rogers, a professor of economics at American International College. 

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