‘Borrowers are feeling the squeeze’ as interest rates climb while inflation remains high, chief financial analyst says

Econ & Housing

In this articleTRUFollow your favorite stocksCREATE FREE ACCOUNTFrom credit cards to mortgages, it’s suddenly a lot more expensive to borrow money.The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, with another rate hike likely on the way next week.”Borrowers are feeling the squeeze from both sides…

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