One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022.
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What Fed Hikes? Much of Americans' Debt Is Still Riding Ultralow Rates
![What Fed Hikes? Much of Americans' Debt Is Still Riding Ultralow Rates](http://www.nasdaqpicks.com/wp-content/uploads/2023/07/What-Fed-Hikes-Much-of-Americans039-Debt-Is-Still-Riding-1200x640.jpeg)
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One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022.
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