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Tag Archives: federal funds

Cardholders pay near-record markup on interest rates

Fred Williams

Banks are charging a near-record markup on credit cards, even as rates they’re paying for funds are at historic lows. It’s happening in Australia, and in the United States. But there, it’s causing controversy, here, it’s not.
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Meet reverse repo: The new Fed tool to raise your interest rates

Fred Williams

A historic glut of cash in the economy is about to force changes in the way the Federal Reserve controls short-term interest rates — including the variable APRs on credit card balances.
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