Economy News The Fed Says The Economy Looks Strong Americans Are Drowning In Credit Card Debt

US household debt up modestly in third quarter, New York Fed says

(Reuters) -Overall U.S. household debt levels increased modestly in the third quarter as borrowing in some form of trouble stabilized and student loan woes increased, the New York Federal Reserve said ... Read More

An unusual trend in the economy is worrying the Fed

Something in the US economy isn’t adding up, and it’s rattling the people charged with wrangling inflation and keeping the labor market intact. Read More

Americans' household debt hits new record high, according to report

The debt includes mortgages, car loans, credit cards and student loans. Americans’ household debt levels – including mortgages, car loans, credit cards and student loans – are now at a new record high ... Read More

Fed governor says current economy is 'calling for large interest rate cuts' to help job market

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More

Economy growing at ‘moderate pace,’ Fed says, but weaker labor market justifies rate cut

The Fed on Wednesday said the economy "has been expanding at a moderate pace," but it also contended that the risks of rising unemployment and "uncertainty about the economic outlook" necessitated a ... Read More

Powell sees U.S. economy growing at 1.6% rate this year

Fed Chair Jerome Powell said the U.S. economy is growing at a slower pace this year. Powell said the Fed staff sees economy growing at a 1.6% annual rate, down from a 2.4% rate in 2024. "We've still ... Read More

US household debt up modestly in third quarter, New York Fed says

Household debt rises 1% to $18.6 trillion in third quarter, NY Fed says Student loans see largest increase in serious delinquency Economic conditions may impact future delinquency rates, regional Fed ... Read More