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Why Fed rate hikes haven't actually hit Americans that hard

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Here's why the Fed's rate hikes haven't actually hit Americans that hard

The Federal Reserve's historic rate hiking campaign may not have actually hit most Americans that hard.

That figure hovered close to 27% in 1997 and then 25% in 2000, but has since fallen steadily over the last two decades. While many US households aren't immediately exposed to rising rates, they have had a big impact on things like like credit cards. That could lead to higher credit card delinquency rates, deRitis noted.

 

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