Inflation and a tough job market are making it harder for some people to pay back the car loans they signed in better times.
Category: Federal Reserve Bank of New York
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New York Fed’s John Williams Favors More Rate Cuts
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.
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Those Missed Student Loan Payments Are Messing Up Your Credit Score
A new report finds that scores dropped the most for those age 18 to 29. Here’s how to deal with a drop in your score.
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Job Market Is Getting Tougher for College Graduates
Researchers attributed some of the difficulty finding jobs to larger societal shifts, including the growing use of artificial intelligence.
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It’s Not Too Late to Rein In Holiday Spending
Research suggests that you’ll spend less than you otherwise would by setting a strict budget — even if you go over the budget.
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Homeowners Tap Into Their Rising Home Equity
Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation.
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Americans Growing Worried About Losing Their Jobs, Labor Survey Shows
The New York Fed’s labor market survey showed cracks just as Jerome H. Powell, the Fed chair, prepares for a closely watched Friday speech.
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Alzheimer’s Takes a Financial Toll Long Before Diagnosis, Study Finds
New research shows that people who develop dementia often begin falling behind on bills years earlier.
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Inflation Data Could Show Signs of Progress After Disappointing Run
The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.
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The Perils of the Fed’s Vast Bond Holdings
The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.