What Fed Interest Rate Increases Mean for Your 2023 Financial Plans

After a year of rising interest rates, higher prices and volatile markets, financial advisers say now is the time for Americans to plot a new course for 2023.

The Federal Reserve is expected to begin easing its aggressive campaign to combat inflation, with a predicted half-percentage-point rate increase Wednesday. Though November’s consumer-price index shows that inflation has cooled a bit, Americans should take pains to protect themselves for the uncertain economic times ahead, advisers said.

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