Credit card APRs have an 'economically meaningful' impact on consumer spending, Boston Fed finds
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Short Term
Article Context
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When credit card rates go up, borrowers spend less on plastic, according to a research paper by the Federal Reserve Bank of Boston.
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Full article on CNBC
Original article published by
CNBC
on March 31, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.