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The Federal Reserve’s decision to raise interest rates depends on a variety of economic factors, including inflation, employment rates, and economic growth. The Federal Reserve has indicated that it will monitor these factors closely and make decisions accordingly. It’s important to keep an eye on news and updates from the Federal Reserve for any potential changes to interest rates.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.