Oh, sure, the sheeple are so flush with cash and high-paying jobs that they can afford to pay more on their mortgages and credit card debit.

Fed raises rates for second time in 2017
Sylvan Lane | The Hill
June 14, 2017
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The Federal Reserve on Wednesday raised interest rates a quarter of a point to a range between 1 percent and 1.25 percent, citing the relatively steady growth of the economy and need to return to higher baselines.

The decision was expected after months of hinting. It is the second such hike by the central bank in 2017.

Fed officials said “realized and expected labor market conditions and inflation justified the hike, which was supported by all Federal Open Markets Committee (FOMC) members but Minneapolis Fed President Neel Kashkari.