New Cars Are Back in Stock – But Who Can Afford Them?

You may have noticed that “new cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to afford them.”

Michael Wayland investigates for CNBC the connection between “the Federal Reserve aggressively hiking interest rates to fight inflation” and what that means for the average consumer with regards to larger purchases, such as automobiles.