Credit card interest rates predicted to fall, but debt remains high

Predictions abound for credit card interest rates in the coming months. Credit card APRs have risen steadily for the last 22 months, landing at 22.75% in November 2023, Federal Reserve data showed. "Ultimately, with the changes of the fed funds rate, the prime rate also changes, which then in turn increases or decreases the APR on your credit card," John Jones,…