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How a federal interest rate hike will affect consumers of all kinds of goods

Published: Wednesday, September 28, 2022 - 2:23pm
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The Federal Reserve raised interest rates last week by three-quarters of a percentage point, the third such move recently.

The central bank is trying to bring down inflation, but the moves also have more immediate impacts.

To learn about what those look like for Arizona, The Show spoke with George Hammond, director of the Economics and Business Research Center in the University of Arizona’s Eller College of Management.

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