As the Fed continues to raise interest rates, more and more families are finding themselves deeper into credit card debt.
But rising interest rates are making those credit cards dangerous these days.
Inflation and the end of stimulus checks mean many consumers are putting more purchases onto their credit cards right now. As card rates approach 20 percent, financial experts say it's easy to fall into the"credit card trap."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street drops 1% with focus on Fed By Reuters⚠️BREAKING: *U.S. STOCKS TUMBLE AS WALL STREET BRACES FOR SUPERSIZED FED RATE HIKE - 🇺🇸 🇺🇸
Read more »
4 things to watch when the Fed delivers its rate-hike decisionHere's what leading Fed watchers are looking for on Wednesday when the Fed announces its rate decision at 2 p.m. Eastern.
Read more »
Dollar Soars as Putin Ramps Up Tensions; Fed Meeting Looms By Investing.com⚠️BREAKING: *U.S. DOLLAR SOARS TO NEW 20-YEAR HIGH AS PUTIN RAMPS UP TENSIONS AHEAD OF FED -
Read more »
Stock futures struggle for traction ahead of Fed decision and after Putin escalates war footingEquities on course for muted open on Wall Street as traders expressed worries over tightening monetary policy and heightened geopolitical tensions in Europe.
Read more »
Oil prices climb after Putin announces partial draft and as Fed decision loomsOil prices moved higher as investors weighed up the possibility of an even more protracted war in Ukraine after Russia's president announced a partial draft.
Read more »
Forex Today: Markets Expecting 0.75% Fed Rate Hike80% Chance Fed Will Raise by 0.75%; 2-Year Treasury Yields Exceed 3.99%; US Dollar Continues to Gain; Stock Markets Lower; Canadian Inflation Falls.
Read more »