• jordanlund@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    1 year ago

    Meanwhile, my completely paid off car got totalled and while shopping around for a car loan, I can’t find one (even through my credit union, with an 800 score) less than 8%.

    Good thing I work from home or I’d be SOL.

    • silence7@slrpnk.netOP
      link
      fedilink
      arrow-up
      5
      ·
      edit-2
      1 year ago

      Yeah, the Federal Reserve forced interest rates up in order to lower inflation. Amazingly, they did it it without causing mass unemployment, which has been the usual way they’ve managed to lower inflation.