Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job ...
Credit rejection rates rise for Americans over 2024, says NY Fed
Americans seeking to borrow money experienced increased headwinds in 2024 as applications for credit faced higher rejection rates.
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Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of ...
NY Fed Says Household Debt up in Third Quarter as Rising Incomes Ease Debt Burden
The regional Fed bank said in its latest Quarterly Report on Household Debt and Credit that total levels of debt during the ...