The US Federal Reserve has raised interest rates once more, a move that will ripple through household finances by making credit card debt and new mortgages more expensive while offering better returns for savers. The decision reflects the central bank’s ongoing effort to bring inflation under control without tipping the economy into recession.

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  • Eleanor Ellington
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    5 days ago

    So the Fed will tame inflation without a recession? What’s missing: a shred of evidence, and my vanished savings.