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Axios
Axios
Business

How Americans will feel the squeeze from higher interest rates

Interest Rates Edmunds
Data: Mortgage News Daily; Chart: Axios Visuals

Mortgages, car loans and credit card debt are all about to get more expensive.

The big picture: The era of dirt-cheap borrowing is over: The Federal Reserve is trying to slam the brakes on the economy, and the cost to borrow is going up as it rushes to contain inflation.

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