Interest Takes A Hike
What A Day
00:00
What Does the Fed's Interest Rate Increase Mean for You?
The interest rate hike is meant to fight inflation, but credit card debt is already at a record high. About half of black and Latino adults say their household debt has increased compared with about three and 10 white adults. The Fed is basically having to thread a needle to figure out the best and most appropriate response while also keeping the banking system in motion.
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