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How A New Fed Rate-Hike Cycle Impacts Stocks And Your Wallet
The Financial Samurai Podcast
How Will Fed Rate Hikes Affect Credit Cards?
Most financial samurai readers and listeners will get significantly impacted at all, because the rate increases are very gradual. A 25 basis point increase is zero point two five %. So if you know it's coming, you can re finance your variable rates to fixed rates or pay down more debt more quickly so you don't have to pay those higher rates. The average personal loan rate is about nine %.
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