The Fed Is Powerless
We are told the time has come for the Federal Reserve to wield its ax… and cut its target rate. We are further told that prevailing »
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Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2
Mortgage balances rose by just $77 billion, or by 0.6% in Q2 from Q1, the smallest percentage increase since the dip in Q2 2023, and »
Average consumer now carries $6,329 in credit card debt. 'People are stretched,' experts say
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York »