Interest Rates

Fannie Mae Upgrades Outlook on US Economy
Fannie Mae Upgrades Outlook on US Economy
October 17, 2024  |  Economy

America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct....

READ MORE >
PNC Expects Loan Growth After Fed’s Rate Cut
PNC Expects Loan Growth After Fed’s Rate Cut
October 15, 2024  |  Earnings

PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in...

READ MORE >
Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
Banking Giants Say Consumer Spending Remains Resilient Despite Inflation
October 13, 2024  |  Consumer Insights

America’s biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest...

READ MORE >
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
October 11, 2024  |  Earnings

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday...

READ MORE >
VCs Stay on the Sidelines Despite Market Rally
VCs Stay on the Sidelines Despite Market Rally
October 10, 2024  |  Markets

A recent stock market rally hasn’t made American venture investors any less cautious. That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data...

READ MORE >
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers...

READ MORE >
Big Bank Lending Income Projected to Hit Two-Year Low
Big Bank Lending Income Projected to Hit Two-Year Low
October 08, 2024  |  Banking

America’s biggest banks are reportedly ready to announce the lowest lending income in two years. J.P. Morgan Chase, Bank of America, Citigroup and Wells Fargo...

READ MORE >
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
October 07, 2024  |  Credit Cards

Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from...

READ MORE >
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
October 04, 2024  |  Economy

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer...

READ MORE >