Fed’s Musalem Warns Against Easing Too Quickly, Prefers Patience
Federal Reserve Bank of St. Louis President Alberto Musalem said he supported the US central bank’s decision last month to ...
Americans Held Less Credit Card Debt In August—That’s Not Necessarily A Good Sign
High interest rates and higher lending standards may be curtailing credit card spending.
Marketplace2h
American consumers continue to rack up debt
Consumer credit overall increased, while revolving debt — that’s mostly on credit cards — was down 1.2%, according to the ...
The Fed May Not Cut Rates In November. What to Do With Treasury Bonds Now.
The best-laid plans often go awry, and that goes even for the Federal Reserve, whose rate-cut intentions were thrown for a ...
What a 10-year Treasury yield above 4% says about the economy
On Monday, the 10-year yield BX:TMUBMUSD10Y closed above 4% for the first time since July 31. Meanwhile, the policy-sensitive 2-year rate BX:TMUBMUSD02Y also finished just above the 4% level as ...
More young people are falling behind on their credit card and vehicle payments
Netspend analyzed Federal Reserve Bank of New York data to illustrate how different generations handle debt payments amid ...
Mortgage rates take first jump in 7 weeks
The average rate on a 30-year mortgage is down from 7.22% in May, its 2024 peak. Rates have been mostly declining since July ...
Wall Street indexes slip with interest rates, Middle East in focus
U.S. stock indexes closed lower on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve ...
The Stanly News and Press4h
MIKE WALDEN COLUMN: What does the Fed’s rate cut mean?
Getting your Trinity Audio player ready... Recently the Federal Reserve (the Fed) made headlines by reducing its interest ...
Why Wall Street's Hopes for Big Interest Rate Cuts Have Dimmed, and What's Next
Investors were once again resetting on Monday after last week's strong jobs report upended the market's predictions about how ...
The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says
The US recession many forecasters have been calling for isn't going to materialize anytime soon, according to market vet Ed ...
Bradford Era7h
Retail credit card interest rates soar past 30%, hitting a record high
Is that discount at the register really worth it? Be aware: signing up for retail store credit cards might cost more than you realize.