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Credit card balances see largest annual jump in more than 20 years

Por: Fox Business Business November 16, 2022

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Moody's Analytics chief economist Mark Zandi argues the stock market's a 'tough place to be' when the Fed is raising rates. Americans feeling the squeeze from months of persistently high inflation are increasingly leaning on credit cards, according to new data showing balances surged year over year in the third quarter by the highest percentage in over two decades. The Federal Reserve Bank of New York's Quarterly Report... + full article



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