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Interest Rates Are Creeping Upward!

6 May 2022 2 minute read 1 comment SweptOverNiagara

If you haven't heard, the FED raised the benchmark lending rate by 50 basis points or a half percent to between 0.75 and 1%. Current market pricing expects the rate to climb to as high as 3% by year end. Per Chairman Jerome Powell's comments that the...