Americans struggle as credit card woes surge | World Business Watch | WION News
Signs of financial strain among Americans are intensifying, with Wall Street reacting nervously as consumer-lending stocks slide. Recent warnings from banking executives about rising delinquencies and payment struggles among lower-income borrowers are raising concerns about the broader economic outlook. This comes amid fears that the Federal Reserve’s anticipated rate cuts might be too late to mitigate the impact of higher interest rates.
#america #creditcard #federalreserve
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