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The Fed raised rates for the first time since 2023. What it means for car loans

The Fed raised rates for the first time since 2023. What it means for car loans
Photo: KVIA ABC-7 · view original

By Jae Shin for Caribou The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point in September 2026, bringing its target range to 3.75%-4.00%. It was the Fed’s first rate increase since 2023. With two more Fed meetings scheduled for October and December, drivers ma...

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