As the Fed began raising interest rates in late 2015, credit card interest rates began to rise as well, but rates remained low until 2017, when multiple interest rate hikes brought the average credit card interest rate up. (lendedu.com)
For example, the Federal Reserve began raising interest rates in December 2015. (netpicksetfinvestor.com)
Emerging economies are set to slow this year as the U.S. Federal Reserve begins raising interest rates and there's a rising protectionist rhetoric in advanced economies, the International Monetary Fund warned on Monday. (cnbc.com)