Fed’s interest-rate pause won’t be a reprieve for America’s almost $1 trillion of credit-card debt

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The Federal Reserve’s decision to pause raising its benchmark interest rate is no pause for the anxiety of Americans eyeing ballooning credit-card bills.

While it may halt the rise of many credit-card rates for now, the rates for some cards might still rise as some issuers pass on the previous Fed rate hikes, credit-card industry watchers say.


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