Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
Category: Interest Rates
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Rethink on Rates Caps Bad Week on Wall Street
The Federal Reserve’s message of higher rates for a longer period of time has led investors to question their assumptions.
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As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
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The Rising Costs of Owning a Car
Everything is going up — buying, financing, insurance and maintenance. The average annual cost of ownership, by one estimate, is $12,000.
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Federal Reserve Officials See Rates Staying High
Federal Reserve officials forecast higher interest rates through 2026 this week, a sign that borrowing costs are not heading back to the rock-bottom levels normal before the pandemic.
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Bank of England Keeps Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
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What to Watch at the Fed’s September Meeting
The Federal Reserve is unlikely to declare victory in its war on inflation. But investors will watch for any hint that rate increases might be over.
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What Fed Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
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What to Watch at the Fed’s September Meeting
The Federal Reserve is unlikely to declare victory in its war on inflation. But investors will watch for any hint that rate increases might be over.
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Fed Watchers Brace for Higher-for-Longer Interest Rate
With the central bank set update its interest rate forecast, economists see elevated borrowing costs lasting through 2024.
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Fed Meeting: What to Expect on Interest Rates
The Federal Reserve is unlikely to declare victory this week. But investors will watch for any hint that the end to rate increases is coming.