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For instance, the prime rate rose to 8.50% in July 2023 just as the target Fed funds rate increased to a range of 5.25% to 5.50%. How soon do credit card APRs change after a Fed rate decision?
For instance, the prime rate rose to 8.50% in July 2023 just as the target Fed funds rate increased to a range of 5.25% to 5.50%. How soon do credit card APRs change after a Fed rate decision?