Most Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help.
Category: Interest Rates
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Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down
Inflation remains faster than usual — and month-to-month bumps are still likely as volatile prices fluctuate — but it is making progress back toward a normal pace.
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Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the backdrop: the election.
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U.S. Added 216,000 Jobs in December, Outpacing Forecasts
Hiring has throttled back from 2021 and 2022, but was impressive last year by longer-term standards.
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Stocks On Track to End Longest Winning Streak in 20 Years
The S&P 500 is on track for its first weekly decline since October, ending Wall Street’s longest winning streak in nearly 20 years.
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Brisk Wage Gains in December Could Keep the Fed Watchful
Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.
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Fed Minutes Showed Officials Feeling Better About Inflation
Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open, December minutes showed.
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Will America’s Good News on Inflation Last?
One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last into 2024.
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Chill in the Housing Market Seeps Into Other Industries
The slowdown in the residential real estate market, a crucial cog in the American economy, is threatening sectors like home improvement and storage.
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Now May Be the Time to Lock In High Interest Rates on Your Savings
Rates on C.D.s are the highest they’ve been in years. But the Fed is signaling that it may cut its borrowing costs next year, and C.D. rates could follow.
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Fed’s Preferred Inflation Gauge Cooled Notably in November
A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.