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The Fed: What higher interest rates mean for your money 💰 #shorts

May’s FOMC meeting leaves consumers with questions surrounding mortgage rates, credit card rates, and other loans. Yahoo Finance Senior Reporter Jennifer Schonberger explained what consumers need to know about the current state of interest rates and what to expect on May 1, 2024. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #investingforbeginners #investing #stockmarket #stocks #stockoptions #fed #federalreserve #federal #jeromepowell #powell #interestrates #inflation #rates #rate #hike #interestrate #outlook #2024