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

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0 ◎ stannebraska (329) · 7 months ago · no fields yet

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

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[+0] The Federal Reserve raised the federal funds rate 11 times between March 2022 and July 2023. discuss
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