What toll are the Federal Reserve interest rate hikes having on Americans and businesses? What are the consequences if rates continue to rise? Aggressive Federal Reserve interest rate hikes have driven borrowing costs to painful heights, jeopardizing US household and business finances. Americans are struggling with soaring mortgage, credit card, and auto loan rates, accumulating record-high credit card debt. Here’s a look at the impact the rise in interest rates is having on Americans.
The Impact of Federal Reserve Interest Rate Hikes on Americans
