Now that the Fed has Hiked Rates, Here's Who Will Get Hit First

CUNA Mutual Group’s chief economist Steve Rick explains why borrowing goes up in the year after a Fed rate increase. “People try to get in before rates go up even more. People who put off buying a car or a durable good — an appliance, a big-screen TV — think, I better buy it now and put it on my credit card," he said.
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