High Interest Rates Are Hitting Poorer Americans the Hardest
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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