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Who wins and who loses when the Fed hikes interest rates?

With inflation still sky-high, the Federal Reserve announced Wednesday it would raise interest rates by 0.75%, the largest increase since the 1990s. (Getty Images)
With inflation still sky-high, the Federal Reserve announced Wednesday it would raise interest rates by 0.75%, the largest increase since the 1990s. (Getty Images)

This article was originally published on June 16, 2022.

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