The Fed Says the Economy Looks Strong. Americans Are Drowning in Credit Card Debt

New York Fed data showed total household debt increased by $184 billion in the first quarter of the year. That 1.1 percent rise from the end of 2023 brings the total amount to $17.69 trillion. Read More

US Economy News Today: Americans Downshifted Their Credit Card Debt in March - Investopedia

Today, data gave insight into the state of consumers' credit and we look at the biggest economic stressors in U.S. households. Americans Downshifted Their Credit Card Debt in March May 07, 2024 03 ... Read More

The economy is facing a 'no-landing' scenario that undercuts the financial relief many Americans hoped for - MSN

The US economy looks like it's on course for what Wall Street has long considered the dream scenario — but that could actually diminish the financial relief many Americans have been waiting for ... Read More

Fed Chair Powell says US economy in a 'solid position' as central bank weighs rate cut timing

Fed Chair Jerome Powell testified that the U.S. economy is in a "solid position" with unemployment relatively low and inflation slightly above the central bank's 2% target. Read More

Americans say the economy is a top election issue. Here's how economists are grading it. - CBS News

New CBS News poll highlights stark divide between Harris, Trump voters 04:06. With less than three weeks until the U.S. presidential election, millions of Americans say the economy is a top issue ... Read More

An economic warning sign: More Americans fall behind on credit cards - USA TODAY

Americans are not OK financially, according to the Philadelphia Federal Reserve. The share of active credit card accounts making just the minimum payment hit a 12-year high of 10.75% from July ... Read More

Why Has the Fed Held Rates Steady Despite Strong Economic Data?

Chair Powell acknowledged on Tuesday that “if you look in the rearview mirror and look at existing data that we’ve seen, you can make a good argument that would call for us to be at a neutral level.” ... Read More

The Fed will only cut rates once this year because the US economy is too strong, market vet says - Business Insider

The Fed is likely to cut interest rate just once this year, according to Ed Yardeni. The market vet brushed off the market's bets on ambitious rate cuts as the US economy is too strong. Read More

Fed’s Barkin Says Economy is Surprisingly Strong, Predicts More Gains

Federal Reserve Bank of Richmond President Thomas Barkin hailed the U.S. economy’s strength, forecasting more growth to come in 2025. “I think it’s fair to say: No one predicted this, and ... Read More

Fed’s Barkin says economy looks ‘pretty good,’ but labor market bears watching

The Fed Fed’s Barkin says economy looks ‘pretty good,’ but labor market bears watching Job market ‘might be fine or it might continue to weaken’ ... Read More

Why the next president can’t credit stimulus for the booming economy

Last year, the U.S. economy grew at a faster rate than any other large, advanced economy. It looks like it will do so again this year. Crediting fiscal stimulus for the current economy misses two ... Read More