The average credit card user carries a balance of nearly $6,000, as Americans hold more debt than ever, a new industry report found. Processing Content Americans bear a record $1.21 trillion in credit card debt, as the median interest rate hit 25.3%, according to Academy Bank’s latest white paper. The trend could affect home loan […]
Card debt hits record amount as providers charge high rates Read More »
Just 14% of the economists surveyed by Wolters Kluwer expect the Federal Open Market Committee’s next short-term rate reduction to take place at its January meeting. Processing Content Overall, the Blue Chip Economic Indicators panel consensus is for two cuts during this year to the Fed Funds Rate and none next year, with almost no
Economists forecast just 50 basis points of Fed cuts in 2026 Read More »
Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief. Processing Content Some of Trump’s allies were alarmed by the
Bill Pulte seen as key instigator behind Powell subpoena Read More »