Astounding Credit Card Interest Rates
Before we get too excited about the next Fed rate cutting cycle, let's acknowledge that interest rates on Main street are getting "interesting".
This is the new 29% interest rate my wife will be required to pay on her Macy's credit card should she need to roll a payment.
If inflation and runaway interest expense are causing a recession, do Fed rate cuts provide the answer? Inquiring minds want to know!
Robert Lloyd, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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