The Federal Reserve

Credit Card Spending`

WalletHub Estimates U.S. Credit Card Debt Exceeds $1 Trillion

We might like to think we learned a few valuable lessons from the financial crisis of 2008, but new data from the Federal Reserve is raising concerns about the credit habits of American consumers, and the lending practices of their banks. According to a recent report from WalletHub, credit debt in America grew by $92… Read more »

Federal Reserve Building`

New Fed Report Suggests an Interest Rate Hike Is Imminent

Many economic analysts have been predicting an interest rate hike in the near future, and the latest report from the Federal Reserve suggests it could come as soon as the end of the month. Published on Wednesday, March 7, the report noted “persistent labor market tightness across the United States, with accelerating wage gains in… Read more »

For Now, the Fed Will Hold Interest Rates Steady`

For Now, the Fed Will Hold Interest Rates Steady

Last week, the Federal Reserve opted to hold its key interest rate in place, but left the door open for a potential hike in June. The move came after a two-day meeting, where the Fed’s policymaking committee dismissed concerns about the economy’s slow pace of growth during the first three months of the year, calling… Read more »