Remember when the Fed cut rates (by 1.5% so far) and it was supposed to ease credit for the middle class by lowering credit card rates?
— zerohedge (@zerohedge) November 7, 2025
Yeah that didn't happen. pic.twitter.com/Xv6QtemaE5
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2 responses to “Did Anyone Believe the Rates Would Come Down?”
Two different things. The Fed rate is a risk free rate, credit card rates are not.
We have NO free market in credit or banking. There is no true competition to drive down costs or encourage customers. There is also NO SOUND CURRENCY as a foundation for honest banking.