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The Fed could trigger a personal debt crisis

New York Post - 4 Feb 2018 06:27
The Fed could trigger a personal debt crisis Each time the Federal Reserve raises interest rates, which is normally the sign of a booming economy, it could hurt millions of vulnerable debt-heavy households. Some market and credit card industry observers warn that many people may suddenly not be able to pay their monthly bills. What happens, the analysts ask, if millions of people...
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