Fed may hike rates once more, but Americans likely won't feel relief.

As the US economy shows signs of recovery from the pandemic, the Federal Reserve may be preparing to raise interest rates once more. However, this move may not provide immediate relief for Americans. This is according to a recent report by CNN Business which explains that while the hike may be good for the economy as a whole, it could raise costs for consumers who may not see an immediate increase in their savings accounts. Additionally, the increase could cause both mortgage and car loan rates to rise, making it more expensive for people to buy homes or cars. This information is important as it highlights how decisions made by the Federal Reserve can have a direct impact on the everyday lives of Americans. As we continue to navigate a post-pandemic world, it’s crucial to stay informed about economic policy changes and their potential effects on our finances.