Inflation Cools, But Debt Troubles Persist for Lower-Income Americans Despite the Federal Reserve holding interest rates steady and inflation showing signs of cooling, debt-burdened Americans, particularly those with lower incomes, find no relief. Prices remain 3% higher than a year ago, and the Fed only projects one rate cut this year, down from an earlier expectation of three. As a result, many maxed-out credit card borrowers are struggling with delinquency, exacerbating financial pressures for lower-income households. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE BOJ's Mixed Signals Leave Traders Puzzled READ MORE Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses READ MORE Gold Beans: The New Investment Craze Among China's Youth READ MORE February Layoffs Hit Record High Since 2009, Tech and Finance Sectors Lead the Pack READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment