Today's rise in the Consumer Price Index places pressure on the Federal Reserve to raise rates. This would increase borrowing costs for variable debt.
Fed Rate Hike Looms: How CPI Could Hit Credit Card And HELOC Debt
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Forbes BusinessBy Mayra Rodriguez Valladares, Senior Contributor
EXECUTIVE SUMMARY
Today's rise in the Consumer Price Index places pressure on the Federal Reserve to raise rates. This would increase borrowing costs for variable debt.
Key Takeaways
- Fed Rate Hike Looms: How CPI Could Hit Credit Card And HELOC Debt.
- Today's rise in the Consumer Price Index places pressure on the Federal Reserve to raise rates.
- This would increase borrowing costs for variable debt.
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Published originally on Forbes Business
