For Some Americans, a Fed Rate Hike Could Come Too Soon

The Federal Reserve is widely expected to raise interest rates this week. That’s bad news for two big groups of people: the unemployed, who might not get jobs now, and the recently employed, who are in danger of losing them.

Higher interest rates would chill consumer spending and business investment. Some economists say the biggest losers could be people who tend to have a hard time finding jobs. That includes ex-convicts, people with disabilities, African Americans, Hispanics, teenagers, and those without a high school education.