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How are higher interest rates and rising prices affecting you?

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Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent weeks.

Read the original report at Cnn.

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Cnn

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-02. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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Monetary Policy

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