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

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…