Consumer credit card interest rates reached 22.8% by December 2023, up from 16.3% in January 2022.

Submitted by ◎ stannebraska (329) 1 month, 3 weeks ago

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Elevated borrowing costs reduced consumer spending capacity, decreasing aggregate demand pressure on prices.

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Cited as evidence in 1 claim: The Federal Reserve raised the federal funds rate 11 times … (supports)

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