Credit card debt hits new all-time high, but it’s not all bad news
Americans' credit card debt just hit a new all-time high of $1.17 trillion, according to the New York Federal Reserve.
Stock Market Today: Dow ends 300 points lower as rate-cut doubts stall postelection rally
The yield has risen 73.6 basis points over the past seven weeks, according to Dow Jones Market Data. On Friday, traders were ...
US Inflation on Strong Trajectory to 2% Goal, Fed’s Collins Says
Federal Reserve Bank of Boston President Susan Collins said she sees inflation heading back to the central bank’s 2% goal ...
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Stock market today: Wall Street down again early Friday, on track for third losing week in last four
Wall Street was headed for more losses before the opening bell on Friday and is on track to log its third losing week out of the last four ...
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'Rates will be a lot lower’ in 12-18 months, Goolsbee says
The Chicago Fed chief said as long as inflation continues down toward the central bank’s 2% goal, interest rates will keep ...
Relief from higher rates is uncertain, as Fed signals slower move on cuts
Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at ...
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Mortgage Predictions: The Fed Isn't Hurrying to See Lower Rates
The Fed has two main objectives: maintain maximum employment and contain inflation. Although one single data point is never ...
Why Democratic Turnout Cratered — And Why It Won’t Be Easy to Fix
Michael Podhorzer, an expert in data-driven politics, explains why so many Biden voters failed to turn out for Harris in the 2024 election.