Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Fed's Silent Tax on Consumer Credit
We drill into the hidden cost of the current rate environment: revolving consumer credit. With the federal funds rate sitting at three point six three percent and core PCE holding steady around three percent, Americans are facing a new kind of inflation. We look at how the four percent average APR on credit cards is acting as a silent tax on middle-class wallets, squeezing disposable income without showing up in traditional CPI metrics. This episode breaks down why this debt spiral matters more than headline GDP numbers right now.
#ConsumerCredit #FederalReservePolicy #InterestRates…
The skinny
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