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How to take advantage of rising interest rates
CNN
With the Federal Reserve's latest interest rate hike -- its fourth since March -- consumers again will face new choices in where to park their money for the most yield and how best to minimize their borrowing costs.
In its bid to beat back high inflation, the US central bank hiked its overnight lending rate another 75 basis points to a range of 2.25% to 2.50%. And more rate hikes are anticipated later this year.
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