Money Fed’s trying to halt inflation with big rate hikes. How this affects debt, stocks, savings July 27, 2022July 27, 2022Medora Lee and Paul Davidson, USA TODAYComments Off on Fed’s trying to halt inflation with big rate hikes. How this affects debt, stocks, savings The Fed raised rates by 75 basis points. That will increase every consumer rate from auto and home loans to savings and credit card rates.