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...
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...
September 20, 2024
Donald Trump wants to put a temporary cap on credit card interest rates at 10%, according to a Wednesday post on X by the official X account for the Trump campaign. Trump proposed the idea at a campaign rally in New York, the Wall Street Journal (WSJ) reported Thursday (Sept. 19). “While working Americans catch […]
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...
