Federal Reserve Bank of New York – Page 3

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.

By Ann Carrns

Banking and Financial Institutions Consumer Behavior Content Type: Service Credit and Debt Credit Cards Credit Scores Federal Reserve Bank of New York Interest Rates Personal Finances Student Loans TransUnion LLC

Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain

Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.

By Ann Carrns

Federal Reserve Bank of New York Federal Reserve System Inflation (Economics) Interest Rates United States Economy Williams, John C

How Long Will Interest Rates Stay High?

It’s pricey to borrow to buy a business, car or home these days. Interest rates are expected to fall in coming years — how much is up for debate.

By Jeanna Smialek

Federal Reserve Bank of New York Federal Reserve System Inflation (Economics) Interest Rates United States Economy Williams, John C

A Fed Official Wonders: ‘Do We Need to Do Another Rate Increase?’

The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year.

By Jeanna Smialek