DALLAS (WBAP/KLIF) – The Federal Reserve Wednesday raised interest rates to between 2.25 to 2.5%. That’s their highest mark in the last ten years.
President Donald Trump was against the increase. Southern Methodist University Economist Bud Weinstein says he “can’t recall any other president that has been this critical of the Federal Reserve.” Weinstein adds “consumers can expect to pay more for their car loans, mortgages and credit cards.”
This is the fourth interest rate hike in 2018.
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