Fed cuts rates - credit card companies, not so much

KTLA's David Lazarus breaks down the days business and financial news in Consumer Confidential. Oct. 7, 2024.

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[empire]

rates cut but tax keep going upa and insurance too..

[ericgen]

Trump threatened to dissolve the Federal Reserve if he is elected President, so just in time to put another nail in the Retrumplican Party coffin, the FED decides it's time for an interest rate cut to juice an economy that is already on fire with record high stock market, record high employment, record low unemployment, record number of infrastructure projects, decreasing inflation, increasing wages. The Democratic Party thanks you for this incredible gift right before the November election! 🎉😅👍

[musicmanenator]

See what happens when you vote Blue? 😂

[DavidMiller-kfss]

My dumpster and shopping cart values. Where's benny medina?😢

[yt]

I use a credit card whenever possible when I’m making a purchase, it’s quick and it’s easy and if I return something they must credit the card not give me a store credit. I pay the balance when the invoice comes in and I carry no balance and so they make no interest off of me. They do however make a few percent off of the store that I make purchases from. Don’t buy things you don’t need. My son related a story to me were one of his friends and the friends wife were complaining because they had so much credit card debt. What did they do went out and bought $250 worth of Halloween decorations using the credit card. You can’t fix the stupid but are they being taught how to handle finances in school, probably not.

[d_all_in]

Price gouging? Are you kidding me? YOU ARE NOT FORCED TO USE A CREDIT CARD AND PAY LATE FEES. THEY CAN CHARGE WHATEVER THEY DAMN WELL PLEASE. IF YOU DON'T LIKE IT, DON'T USE THEM.