How Federal Reserve rate hike would affect credit card debt, auto loans - Hindi Top Breaking News-HindiNews. Letest News in Hindi. Breaking News

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Thursday, 4 May 2023

How Federal Reserve rate hike would affect credit card debt, auto loans

The Federal Reserve in the US has raised its benchmark interest rate to 5.1% in a bid to control inflation. Although inflation figures are decreasing, rates on credit cards, mortgages, and auto loans will still see rises, negatively affecting large purchasers such as homeowners, car owners, and users of credit cards.

from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/6QjXOky

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