High Interest Rates Are Hitting Poorer Americans the Hardest

d8a347b41db1ddee634e2d67d08798c102ef09ac

By The New York Times

Published 10 months ago on

June 29, 2024

The Federal Reserve is holding interest rates at a more than two-decade high in an attempt to wrestle inflation lower. (Shutterstock)

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The Federal Reserve is holding interest rates at a more than two-decade high in an attempt to wrestle inflation lower. That policy has proved especially painful for poorer families.

By Jeanna Smialek and Claire Hogan
c.2024 The New York Times Company
Distributed by The New York Times Licensing Group

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The Federal Reserve is holding interest rates at a more than two-decade high in an attempt to wrestle inflation lower. (Shutterstock)

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