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Factoid of the Day Friday, July 20, 2018
Americans paid banks $103.7 billion in credit card interest and fees for the 12-month period ended 3/31/18, according to FDIC data analyzed by MagnifyMoney, a personal finance news blog. That was 10.7% higher than the $93.7 billion spent on interest and fees for the 12-month period ended 3/31/17. When you factor in the potential for four interest rate hikes by the Federal Reserve in 2018, interest and fees could exceed $110 billion from 3/31/18 through 3/31/19.
 
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Downside to the Upside

Bob Carey - Video Market Update
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