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How to Protect Yourself from the Fed on June 13

Janet Yellen was hawkish in last Wednesday's Fed meeting and even referred to the slowed economic growth in the first quarter as "transitory."

Translation – no big deal.

So while the Fed's holding interest rates steady for now, you're looking at more than a 90% chance of another interest rate hike on June 13, when the FOMC meets again.

Now, higher interest rates could affect everything from your mortgage and credit card payments to the equities in your portfolio.

But here's how you can protect yourself...