Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
BY CORA LEWIS AND TOM KRISHER NEW YORK (AP) - The Federal Reserve's expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, could rise further. So could rates on credit cards and some business loans. Perhaps no one has felt the pain more than car buyers. It's not just that sticker prices are