If Fed Cuts Interest Rates, Credit Card APRs 'Are Still Going To Be High' For Now, Economist Says - Bank of America ( NYSE:BAC ) , Capital One Finl ( NYSE:COF )

  3 days ago   
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Consumers' wallets should get some relief if the Federal Reserve lowers rates this week, but it won't be a huge help, according to Benjamin Ayers, senior economist with Nationwide Insurance NWFAX.
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