Money The Fed’s ready for another big interest rate hike. This is what it means for you. July 27, 2022July 27, 2022Medora Lee and Paul Davidson, USA TODAYComments Off on The Fed’s ready for another big interest rate hike. This is what it means for you. The Fed's seen raising rates by 75-basis-points. That would increase every consumer rate from auto and home loans to savings and credit card rates.