How a Fed increase could affect credit card debt, auto loans

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2023-05-05 12:30:38 -

https://srnnews.com/how-a-fed-increase-could-affect-credit-card-debt-auto-loans/

NEW YORK (AP) — The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1%. Rates on credit cards, mortgages and auto loans, which have been surging …

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