Fed Warns of More Rate Hikes as High Inflation Persists; Mortgages and Credit Cards See Costs Rise
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Fed Chairman Jerome Powell says more interest rate hikes are possible if inflation remains high and the economy stays strong.
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Mortgage rates have dropped recently but could rise again if the Fed hikes interest rates further.
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Credit card interest rates are at historic highs and balances have spiked, leaving many Americans in debt.
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Personal loans at lower rates than credit cards can help pay down high-interest debt.
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