#INTERNATIONAL_TECH_NEWS | #INFLATION ON THE #RISE?? | #Federal_Reserve approves first #interest_rate #HIKE in more than three years, sees six more ahead..
The Federal Reserve on Wednesday approved its first interest rate #increase in more than three years, an incremental salvo to address #spiraling_inflation without torpedoing economic growth.
https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html
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#spiraling_inflation #increase #hike #interest_rate #federal_reserve #rise #inflation #INTERNATIONAL_TECH_NEWS
#BIG_FINANCE | #PBS | #Credit_Cards
The #SECRET_HISTORY of the Credit Card (Full Documentary) | #FRONTLINE
“Secret History of the Credit Card,” The #Techniques used by the industry to #earn #record_profits and get #consumers to take on more #debt.
Some experts argue the #profitability of credit cards #began when the #banking_industry successfully #eliminated a #critical_restriction: the #limit on the #interest_rate a lender can charge a #borrower.
#borrower #interest_rate #limit #critical_restriction #eliminated #banking_industry #Began #profitability #debt #consumers #record_profits #earn #techniques #frontline #SECRET_HISTORY #Credit_Cards #pbs #Big_Finance