How did the Fed affect the first quarter?

Reporter: Chris Metinko

Publication: TheStreet


Deadline: Jun 29, 2017 7:00 pm

The Fed is expected to continue to raise rates and this will impact millions of card holders. A new consumer credit study following the first quarter of 2017 found millions of consumers were affected by the December rate hike and have subsequently experienced financial distress. While the average change in monthly payment obligations was $18 following the December 2016 rate increase, the seemingly low increase caused a financial challenge to millions of consumers during the first three months of 2017. Requirements: Looking for experts/academics to comment on how the recent Fed hike (and the likely future ones) will affect consumers? Will we
see more consumers in financial distress and how do these hikes play a role in that?

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