The Federal Reserve’s two-day meeting last week was tough to distinguish from most any of the nation’s central bankers’ meetings over the past nine years. There hasn’t been a rate hike since June of 2006, and Fed Chair Janet Yellen made it clear she doesn’t believe the economy is ready for one now. However, someday the Fed will raise rates and there will be big implications for consumers beyond your 401(k) or IRA.
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