US consumers and businesses are having trouble paying off credit, auto, and commercial-real-estate debt. Banks have increased their reserves in part to prepare for loan losses. Bank CEOs said on ...
Total consumer debt swelled to $17.5 trillion in Q4, a $212 billion jump from the previous quarter. Delinquencies are rising among younger borrowers in particular, the New York Fed said. Younger ...
15don MSN
The Fed just cut interest rates—how much cheaper credit cards, auto loans and mortgages could get
The Fed has kept borrowing costs elevated for more than two years to help slow inflation, since higher rates make it more expensive for households and businesses to spend and borrow. On July 30, Fed ...
Stream NBC 5 for free, 24/7, wherever you are. Federal Reserve officials reduced their outlook for expected cuts in 2025 to two from four, assuming quarter-point increments, according to minutes from ...
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