16 - The Fed Explained: What a Rate Change Means for You
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16 - The Fed Explained: What a Rate Change Means for You
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概要
You hear "the Fed raised rates" on the news, but what does that actually mean for your wallet? In this episode, we translate the complex headlines into practical, personal knowledge. We'll explain who the Fed is, what their "dual mandate" means, how their decisions directly affect the APY on your savings account, and why the interest rate on your variable-rate credit card goes up when they tighten policy. This episode connects the big picture to your budget.
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