Money Fed raises interest rates by 0.75% again: Here’s how it will hit your wallet and portfolio September 21, 2022September 21, 2022Medora Lee, USA TODAYComments Off on Fed raises interest rates by 0.75% again: Here’s how it will hit your wallet and portfolio The Fed raised rates for the third time by 75 basis points. Every consumer rate from auto and home loans to savings and credit card will follow.