Money There was not a Fed rate hike in June. But, Americans are still paying for the last 10 June 14, 2023June 15, 2023 Medora Lee, USA TODAY Comments Off on There was not a Fed rate hike in June. But, Americans are still paying for the last 10 The Fed passed on raising rates in June, but consumers are already reeling from the last 10 in a row. They should stay focused on paying down debt.