How an interest rate hike impacts farmers, middle America
The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday. This increase has sparked economic concerns, specifically regarding its impact on U.S. farmers and middle America. The policy change is expected to influence borrowing costs in the agricultural sector.
The Federal Reserve spiked interest rates by 0.25 percentage points on Wednesday, sparking further concerns over the economy, especially for U.S. farmers. CBS News' Lana Zak has more.
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