The Federal Reserve's Federal Open Market Committee, or FOMC, is set to meet next week, and another interest rate hike is widely expected. Here's exactly what that means, and how it could affect the interest you pay and receive as a consumer. Although the rate hike is a virtual certainty, there's one component of the FOMC meeting outcome that has the potential to surprise.While it's not 100% certain that the Federal Reserve will raise interest rates when it meets next week, it's pretty close.Image source: Getty Images.Continue reading