Navigating the Impact of Fed Rate Increase on Credit Card Spending.

Consumers have reduced their spending on credit cards, particularly Citibank cards, following the recent banking crisis. This could impact bank issuer revenue and co-brand partners like airlines and hotels, who rely on the sale of miles to banks. The Federal Reserve has raised interest rates again, but expectations for further hikes have eased due to the banking crisis. The odds of a recession have grown, and there may be a pause in aggressive card spend, which could rein in inflation.