Posted in Uncategorized The Fed boosted rates 0.75%, the most since 1994. Here’s how it will … What will the rate hike cost you? Every 0.25% increase in the Fed’s benchmark interest rate translates to an extra $25 a year in interest on $10,000 in debt. So Wednesday’s 0.75% increase means an… https://www.cbsnews.com/news/interest-rate-hike-federal-reserve-inflation-june-2022-impact-on-consumers/