The American economy and rising inflation

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(ABC 6 News) – Buying a home is getting more expensive across the country. According to mortgage buyer Freddie Mac, the average rate on a 30-year loan is 3.55%. Americans are still waiting to see if the Federal Reserve will increase the interest rate which would make it more expensive for people to borrow money for a home, a car, or a business.

ABC 6 News anchor Betsy Singer sat down with Bill Dendy, a financial strategist to discuss how rising inflation could impact the economy.