Americans' average credit card balance hits $6,580, but there are signs consumers are managing their debt relatively well
Although Americans are racking up more credit card debt, there are signs households are managing their debt better than they ...
Fed Wants More Gains on Inflation Before Cutting Rates, Minutes Show
The Federal Reserve wants to see "further progress on inflation" before deciding to cut interest rates again, according to the minutes from a two-day meeting of its rate-setting committee that ended ...
Morning Bid: Trade and Ukraine Tensions Mount, With Fed Twist
A messy week of conflicting geopolitical, trade and central banking headlines has seen renewed tariff threats from President ...
How Chicago fits into the national economy, latest trends affecting consumers
ABC7 is taking stock of the latest economic trends affecting your money and what you need to know to plan for tomorrow, with ...
Fed Minutes Should Give More Clues About Rate Cut Timing
As such, the central bank has kept its key short-term interest rate at a target range of 4.25% to 4.5% since December. The FOMC lowered rates by a half of a percentage point in September-its first cut ...
Here's what happens if Fannie Mae and Freddie Mac go private
The U.S. government may soon return Fannie Mae and Freddie Mac to private markets less than two decades after turmoil nearly ...
Fed official: Banking system generally healthy, inflation battle on track
Inflation remains the priority for Fed officials speaking in Phoenix at a bankers conference. Jobs and the potential for ...
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest ...
Inflation soars in January, hampering plans for rate cuts
Grocery prices were up by 0.5% compared to December, with a nationwide outbreak of bird flu being the likely culprit. The average price of a dozen Grade A eggs reached a new record high last month as ...
Fed Needs Clarity on New Policies Before Rate Cuts, Bostic Say
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank must gain more insight on proposed policy ...
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...
Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the ...