The Federal Reserve released numbers this week that showed an annual percentage rate increase of 3.1 percent as measured in June, a moderated pace from the previous month when that pace was 7.5 percent. Takeaway 1: The Credit Pace Slows The latest tally also showed...
May 17, 2019
Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on consumer spending and U.S. growth in general. Consumers are facing an average of 16.9 percent interest on credit cards, according to the Federal Reserve. “This is key because of the obvious influence that […]
