The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, after recent reports showed the economy grew at a much more rapid pace than expected and inflation eased. “In many ways, we already have a soft landing,” said Columbia Business School economics professor Brett House. … Read more
Americans are increasingly leaning on their credit cards. Altogether, card balances now total $1.08 trillion, according to the latest quarterly report from the Federal Reserve Bank of New York, a new record. “Over the past two years, Americans’ credit card balances have skyrocketed 40%,” said Ted Rossman, senior industry analyst at Bankrate. “While Americans are managing … Read more
This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in the year, according to research from BMO Financial Group. However, setting a budget goes a long way in managing your personal finances. “Many people spend … Read more
Young woman counting money. Jose Luis Pelaez Inc As the calendar turns to a new year, many Americans are vowing to change their money habits. To that point, 48% of investors recently surveyed by Allianz Life Insurance Company say they are more likely to make and keep a financial resolution in 2024 to either save … Read more
Signage is seen at the Consumer Financial Protection Bureau headquarters in Washington, D.C., on Aug. 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5 billion income stream for credit card companies, will potentially roll out in January, nearly … Read more
Pedestrians walk through the festively decorated Burlington Arcade luxury shopping arcade in London, UK, on Monday, Dec. 4, 2023. Inflation in UK shops has fallen to a 17-month low as retailers fight to attract shoppers ahead of the crucial holiday period. Photographer: Jason Alden/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images “Girl math” … Read more
