The Federal Reserve raises interest rates by half a percentage point to continue its fight against inflation. Inflation has eased to 7.1% in the 12 months to November from a blistering 9.1% pace in June, which is giving the Fed breathing room to shrink the size of its rate hikes. However, the Fed’s still a long way from its 2% inflation goal, which means this is unlikely to be the last rate increase, economists say. This is the seventh hike to interest rates this year, and they are starting to add up for the consumer. Click the link in our bio to see how much it's affecting your wallet. #inflation #interestrate #money