In brief
Americans’ credit card debt hits a record $1.29 trillion
Traders see a 100% chance of a Fed rate hike on December 9
Most credit card rates follow the Fed… a hike would increase costs for people carrying balances
Read Kamina Bashir’s original article on kr.beincrypto.com: “Americans’ Credit Card Debt Hits $1.29 Trillion… Fed Rate Hike, Who Will Bear the Burden?”
Americans’ credit card debt hits a record $1.29 trillion
Traders see a 100% chance of a Fed rate hike on December 9
Most credit card rates follow the Fed… a hike would increase costs for people carrying balances
Read Kamina Bashir’s original article on kr.beincrypto.com: “Americans’ Credit Card Debt Hits $1.29 Trillion… Fed Rate Hike, Who Will Bear the Burden?”