‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard - MarketWatch

People living in rural areas are already struggling to pay back credit-card loans and purchase big-ticket items like automobiles, experts say

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r… [+5010 chars]

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