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Stock impact report

Inflation and higher rates are a ‘dangerous mix' for consumers already stretched thin, says chief financial analyst [CNBC]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: CNBC
Here's how the Federal Reserve's latest moves have impacted the rates consumers pay on the most common types of debt. In this article Here's how to get ahead of a rise in interest rates After years of cheap money, it's suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation , including another big hike earlier this week. “Interest rates are going up at the fastest pace that any of us have seen in our adult lives,” said Greg McBride, chief financial analyst at Bankrate.com. “Credit card rates are the highest since 1995, mortgage rates are the highest since 2008 and auto loan rates are the highest since 2012.” But it's the combination of higher rates and inflation that have hit consumers particularly hard, he added. The consumer price index rose 8.3% in August compared to the prior year More from Personal Finance: What the Fed's interest rate hike mea Show less Read more
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