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CNN CNN This Morning Weekend June 4, 2024 11:47:00

Hiking cycle, but it often takes nine months or more for these rate hikes to filter through. we have to remember, too, the fed didn t really get serious with these jumbo 75 basis point hikes until june. it s going to be some time. we saw some evidence last week in the latest inflation report that inflation is coming down slightly, but we need to see more progress in the months to come. it seems that fed may start to dial back the pace of these increases and give them more time to filter through the economy. i think we could be stuck with high credit card rates for the foreseeable future. and that s tough, given that we re entering the holiday shopping season. we re a few weeks out from thanksgiving and black friday, a lot of people thinking what are they going to get their loved ones. what do you think this high apr average is going to do to impact retail sales? credit card rates are very high, and i think honestly, this ....

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