The Federal Reserve is raising interest rates to combat inflation. There are steps you can take to improve your financial situation as prices continue to climb. Ask for a raise at your company and ask for a reduction in your credit card interest rates. People should have some sort of cash savings available for emergencies, says Wendy De La Rosa, a marketing professor at the University of Pennsylvania’s Wharton School. People cannot budget or save if they aren’t making enough, and that gets harder with everyday items going up in price. The best way to achieve a meaningful boost in income is to land a position with the competition, she says. The National Association of Realtors says things are cooling down to a pre-penned pace. . . .