Last-Minute Holiday Shopping Crunch On After Latest Interest Rate Spike

If you're decking the halls of local malls to finish your Christmas shopping, don't forget the Federal Reserve just raised its benchmark interest rate by half a percentage point. Bankrate's Greg McBride says that means you will paying three-to-five-percent more if you have credit card debt. If you still have a lot of shopping left to do, you are not alone. A new Yellow Octopus survey of Google Adwords data shows Miami shoppers are the most likely to put off their to-do lists until the last minute.


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