The Fed Raised Interest Rates Again: Here's How They Affect These 3 Warren Buffett Stocks

Last week, the Federal Reserve continued its fight against inflation, raising its benchmark interest rates by 75 basis points. Since March, the central bank has raised interest rates from near-zero to 3.25%. This sector is one of CEO Warren Buffett's favorites to invest in, with Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio holding stock in various banks, rating agencies, and payment processors.