According to the latest Quarterly Report on Household Debt and Credit released yesterday by the Federal Reserve Bank of New York, total US household debt increased by $184 billion or 1.1% quarter ...
Total household debt increased by $184 billion in Q1 2024. geralt/Pixabay.com According to the latest Quarterly Report on Household Debt and Credit released yesterday by the Federal Reserve Bank ...
A growing number of Americans are maxed out on their credit cards. Nearly one-fifth of credit card borrowers were using at least 90% of their available credit in the first quarter of 2024.
At the end of 2023, hope was high that the worst of this inflationary cycle was over. The inflation report released in December showed inflation cooling in the month prior, and many hoped it would ...
"Elevated inflation could become entrenched if the public began to question the resolve" of the Fed to fight it, minutes from the central bank's June meeting revealed. The Federal Reserve was ...
Opinions expressed by Forbes Contributors are their own. I cover the intersection of retail, politics and trade. The Labor Department’s Consumer Price Index (CPI) rose 4.2% in April, and it was ...
A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates, according to New York Federal Reserve data ...
The 10-year Treasury yield is a financial benchmark used as a comparison tool for things like mortgage rates. In November 2022, mortgage interest rates came down despite Federal Reserve rate hikes ...
"Americans are borrowing more, but a big part of the increased borrowing is attributable to higher prices," the New York Fed said on Tuesday. With prices rising 9.1% between May and June ...
According to data from the Mortgage Bankers Association, mortgage loan delinquencies on 1-to-4-unit homes rose 38 basis points year over year. High inflation and mortgage rates may strain ...
Household debt levels in the U.S. increased in the first quarter of 2024, which created new challenges for already stressed credit card borrowers, according to a new report from the Federal ...