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Interest rates are the driving force in the United States economy. It determines how much consumers will pay for credit cards, car payments, bank loans and most important your mortgage! That's right, your mortgage. Here is a simple way of explaining the actions of the Federal Reserve: Increasing the interest rates = Fighting inflation in our economy ____________________. Decreasing the interest rates = Loosening the money supply to lubricate the financial markets ____________________. The game plan for the Fed is to keep our economy in check and the value of the US dollar as strong as possible ____________________...
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