Local financial analysts respond to national interest rate hike
Rates will rise for the first time since 2018
CHATTANOOGA (WDEF) — America’s central bank will be raising national interest rates by 0.25%. It’s the first time the Fed has raised the rate since late 2018. Financial professional John Vandergriff says this is all being done to help offset inflated costs. “The reason they’re raising interest rates is so that it can help slow the economy down,” Vandergriff said….