Fed Rate Hikes Worry Middle Class Despite Job Growth and Slowing Inflation
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Americans more worried about economy due to Fed's interest rate hikes despite job growth and slowing inflation.
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57% of middle-class Americans say higher rates negatively impacting finances; 44% stressed about economy.
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Fed holding rates steady for now but may hike again in December following strong GDP growth.
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Higher rates increasing costs for mortgages, credit cards, auto loans - costing consumers hundreds or thousands.
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Inflation has declined but still above Fed 2% target; prices up 3.7% from a year ago.