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'Don't panic': Economist breaks down what higher interest rates means for you

"Don't panic" is the advice from one economist as Long Islanders brace for higher interest rates.

Joe Arena

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Sep 22, 2026, 7:53 AM

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The Federal Reserve just hiked a key rate by a quarter point that could make your debt a little more taxing, but it also could put more money in your pocket.

News 12's Joe Arena explains.

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