Higher interest rate will make it more expensive to buy a home or car, or carry credit-card balance 

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The rate hike is expected to cause interest rates on mortgages, credit cards and all types of loans to go up, causing monthly bill payments to soar and hurting American’s ability to repay their debts.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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