Interest rates

The Fed stopped raising rates, but credit card companies haven't

Data: Reproduced from a Magnify Money chart; Chart: Axios Visuals

The Fed hasn't raised interest rates this year and isn't expected to do so any time soon, but interest rates on credit cards are still increasing.

Why it matters: U.S. card holders are expected to pay $122 billion in interest charges in 2019. That's 12% more than what they paid in 2017 and 50% more than what they paid as recently as 2014.

The Fed's growing interest payments

Data: Deutsche Bank Securities; Chart: Axios Visuals