Federal Reserve officials decided not to change interest rates in their March FOMC meeting, keeping rates higher for longer. While nine members of the Federal Reserve see at least three interest rate cuts by the end of the year, there are some — like Atlanta Fed President Raphael Bostic — who expect only one rate cut for the year. Consumers are feeling the brunt of these elevated interest rates, especially those with higher credit card debt.
Yahoo Finance Reporter Kendall Little joins the Live show to discuss how the Fed’s monetary policy will impact US consumers’ credit card bills and how they can pay them off.
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3 comments
>I have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars?
never use more than you will pay off in 30 days, and even then never more than 25% of available
Simple – don't use credit.