The Federal Reserve's Rate Hikes End, but Consumer Impact Remains

The Federal Reserve's period of rate hikes may be coming to an end, but consumers are still feeling the impact. Credit card rates have jumped to an all-time high of nearly 21%, leading to higher credit card debt. Mortgage rates have hit 8%, making homebuying less affordable. Auto loan rates have surpassed 7%, leaving consumers with higher monthly payments. Federal student loan rates have also increased, causing financial strain for borrowers. On the positive side, high-yield savings rates have topped 5%, offering better returns for savers.