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Dozens of retailers jacked up interest rates on store cards
'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo.
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales.
Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts
To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts,
Macy’s, other big retailers hike store-branded credit card rates as holidays ramp up
At least 50 major retailers have jacked up interest rates on store-branded credit cards to all-time highs — even as inflation continues to dog shoppers nationwide, according to an explosive new study.
These retailers have all increased the interest rates on their store cards
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and some retailers are making an unpopular move.
1d
on MSN
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...
The Motley Fool on MSN
13h
Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market
Interest
rates
hit a two-decade high following the Federal Reserve's last hike in 2023. With inflation clearly trending ...
2d
on MSN
Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending ...
2d
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4 ...
4d
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by ...
12d
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
4d
Fed's Schmid says it is uncertain how far interest rates can fall
It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote ...
1d
on MSN
What will mortgage interest rates be in 2025? Experts weigh in
Most experts predict that mortgage rates will fall steadily in 2025, and forecasts from both the Mortgage Bankers Association ...
2d
on MSN
Fed’s Williams Sees Inflation Cooling and Interest Rates Falling Further
John Williams, who heads the Federal Reserve Bank of New York, expects the economy to grow by about 2.5% next year.
The Motley Fool on MSN
10d
The Fed Just Cut Interest Rates Again. Should You Sign a Mortgage ASAP?
The
Fed
has lowered its benchmark
interest
rate twice this year, with its most recent rate cut in November. While rate ...
10d
Fed Officials Fret Over How Far They Can Lower Interest Rates
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...
3d
Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll
The U.S. Federal Reserve will trim interest rates next month but make shallower cuts in 2025 than expected just a month ago ...
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