Fed Rate Increase Makes 0% Financing Deals More Pricey for Retailers

The Federal Reserve is pushing interest rates higher. Don’t tell that to people who have become accustomed to buying everything at 0%. Years of rock-bottom interest rates have led to a proliferation of no-interest financing offers for people looking to buy everything from cars to lawn mowers, jewelry and furniture. Manufacturers and retailers have come to lean heavily on these deals, which are an inducement for shoppers considering large or discretionary purchases.

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