The Federal Reserve’s Federal Open Market Committee (FOMC) meeting concluded earlier today. And, the Fed announced that it will be keeping its target federal funds rate unchanged. That means that this benchmark rate will remain elevated at a 23-year high. That’s bad news for borrowers because the federal funds rate affects the benchmark for consumer interest rates.
But what if you have credit card debt? What does the Federal Reserve’s decision to keep its benchmark rate unchanged mean in terms of your credit card interest rates and minimum payments?
Find out how a debt relief service can help you eliminate credit card debt…
Read the full article at: https://www.cbsnews.com/news/what-the-federal-reserves-news-means-for-your-credit-card-debt/