U.S. credit card defaults are on the rise as debt levels increase and more make only minimum payments each month
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Tag: Interest Rates
CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled.The ...
Capital One Is Accused of Cheating Customers Out of $2 Billion
The advertisement from Capital One had many of the same promises that other banks offer for high-yield savings accounts: There ...
Soaring Bond Yields Put U.K. Government’s Economic Plan at Risk
Governments around the world are uncomfortably watching their borrowing costs rise, following the lead of the U.S. Treasury market. But ...
The Fed Is in No Rush to Cut Rates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some ...
U.S. Employers Add 256,000 Jobs in December
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a summer slowdown and an ...
Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns
Stocks and bonds tumbled on Friday, as investors’ worries over the scale of government borrowing were amplified by signs of ...
Jobs Report Live Updates: U.S. Employers Add 256,000 Jobs in December
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some ...
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
There was a moment in late September when mortgage rates, after a monthslong decline, appeared poised to drop low enough ...
Rate-Cut Decision Was Narrow, Fed Minutes Show
Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision ...
CD rates have been skyrocketing, but they’re on their way down
The top CD rates are already paying 5% or more. Read More Source link
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