It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.
Category: Interest Rates
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The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.
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European Central Bank, Citing Wage Growth, Keeps Rates Steady
Although inflation has eased, the eurozone’s central bank said that “domestic price pressures remain high.” Rates remain the highest in the central bank’s history.
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Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
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Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.
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High Mortgage Rates Leave Biden Searching for Housing Relief
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.
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Eurozone Inflation, Continuing to Ease, Rose 2.6% in February
Prices in the countries that use the euro trended downward in February. But the European Central Bank remains cautious about lowering interest rates.
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A Key Inflation Measure Moderated in January
The Federal Reserve’s preferred inflation measure continued to cool on an annual basis, even as a key monthly gauge nudged higher.
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Rents Are Falling. So Why Isn’t That Showing Up in Inflation Data?
Pandemic disruptions may have muddled the measurement of home prices in government data. That could complicate the Fed’s course on interest rates.
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Looking for a Lower Credit Card Interest Rate? Good Luck.
Comparison sites often emphasize the big banks’ offerings even though smaller banks and credit unions typically charge significantly less.
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France Will Cut Spending as It Sees a Weaker Economy Ahead
War, high interest rates and slowdowns in major trade partners are trimming tax revenue and forcing the government in Paris to scale back.
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France Will Cut Spending as It Sees a Weaker Economy Ahead
War, high interest rates and slowdowns in major trade partners are trimming tax revenue and forcing the government in Paris to scale back.