Source: federalreserve.gov
Credit card balances and delinquencies have been rising as consumer spending remains strong, but government support drops from pandemic levels. During the third quarter, large...
The Federal Reserve’s emergency lending program, known as the Bank Term Funding Program (BTFP), has reportedly become a source of “easy money” for banks. Established...
Consumers loaded up on debt even before the holidays and into Black Friday — and those of us living paycheck to paycheck may feel the...
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of...
Consumers expect the punishing pace of inflation to decline in the months and years ahead. But they’re reigning in their spending plans, too — a...
Small community banks in the United States are ending the year in crisis mode. Many of these banks are wrestling with choices they made when...
The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. In...
A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three...
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating...