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This Week In Credit Card News: Rate Hike’s Effect On Credit Cards; Capital One’s Big Taylor Swift Promotion

Por: Forbes Life November 04, 2022

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The Fed Makes History with a Fourth Straight Three-Quarter-Point Rate Hike The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as part of its aggressive battle to bring down the white-hot inflation that is plaguing the U.S. economy. The supersized hike brings the central bank’s benchmark lending rate to a new target range of 3.75% to 4%. That’s the highest the fed funds rate has been... + full article



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