US EditionWhat Happens to Interest Rates During a Recession?
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What Happens to Interest Rates During a Recession?
When a recession hits, credit card rates can swing dramatically—costing you thousands. Here’s what to do. Economic downturns, or recessions, bring significant changes to financial markets, including credit card interest rates. Understanding these shifts can help you make informed decisions about managing your finances during uncertain times. This article explores how recessions influence credit card rates and offers strategies to navigate these …
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