Milwaukee economist believes Fed rate hike will hit borrows, people with jobs or looking for one

In an effort to control the rising inflation rate that is hitting everyone’s wallet, the Federal Reserve raised interest rates. A local economist weighs in on what this means for your wallet and when we could see a change in prices. It is a problem that everyone is dealing with and the Fed is desperate to solve: the rising inflation rate. “Everything just went up,” said Cassandra Pearson, a Milwaukee resident. “More money in rent, gas, food; I noticed food prices went up.” READ MORE: https://www.tmj4.com/news/local-news/milwaukee-economist-believes-fed-rate-hike-will-hit-borrows-people-with-jobs-or-looking-for-one