Economy News Rising Credit Card Debt A Potentially Bad Sign For Economy

US gets hit with another credit downgrade — agency warns of ‘sustained deterioration’ of finances and ‘weakening’ governance. What you need to know

The downgrade comes just five months after Moody's cut its U.S. credit rating in May — following similar moves by S&P Global in 2011 and Fitch in 2023. It’s hardly a surprise, though. America’s ... Read More

The Fed makes a second interest rate cut. Here’s what will — and won’t — change for your money.

At its October rate-setting gathering, the Federal Open Market Committee (FOMC) lowered its benchmark rate by a quarter of a percentage point to a new target range of 3.75%-4%. That’s the lowest level ... Read More

The national debt is at a record high. What happens if it keeps going?

The national debt jumped $1 trillion in 82 days and is expected to keep climbing. How that could affect you and your financial health. Read More

Credit-card spending falls again — Americans aren’t confident in the economy

Americans cut back on the use of credit cards in August in another sign of caution, as households grapple with stubborn inflation, a tougher job market and lingering economic uncertainty tied to U.S. Read More

DBRS Boosts Italy's Ratings on Resilient Economy, Expectations of Stability in Debt Ratio

(Reuters) -DBRS Morningstar upgraded Italy's credit rating to 'A low' from 'BBB high' on Friday, underpinned by improvements that resulted in a more resilient economy and expectations that fiscal ... Read More

Wall Street Eyes Credit Market ‘Cockroaches’ As Corporate Debt Rally Wobbles

So-called tight credit spreads, a term used to describe the small premium that investors demand to hold riskier corporate bonds instead of government debt, are often seen as a good barometer of ... Read More

Uh-oh: Credit-card spending falls again. Consumers aren't confident in the economy.

Americans aren't pulling out their credit cards as much as they were last year. Americans cut back on the use of credit cards in August in another sign of caution, as households grapple with stubborn ... Read More