Fed’s Easing Cycle Exposes a Broken Credit Channel, Analysts Warn

TLDR: Credit card rates remain above 21% despite Fed rate cuts. Analysts say banks no longer transmit policy easing to consumers. Borrowing costs now rise faster than they fall, widening inequality. The middle class is increasingly treated as risk collateral by lenders. The Federal Reserve’s latest easing cycle was expected to lower borrowing costs across [...]

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