Interest Rates

JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
September 20, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. “I am a...

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Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
Dogs vs. Cats: Dogecoin, Shiba Inu Memecoins Have Competition at Crypto Food Bowl
September 20, 2024  |  Cryptocurrency

In the world of cryptocurrency, the latest lineup of memecoins — POPCAT, MEW, MOG and CAT — has taken the stage with all the grace...

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Donald Trump Proposes Temporary 10% Cap on Credit Card Interest Rates
Donald Trump Proposes Temporary 10% Cap on Credit Card Interest Rates
September 20, 2024  |  Credit Cards

Donald Trump wants to put a temporary cap on credit card interest rates at 10%, according to a Wednesday post on X by the official...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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Businesses May See Cost of Capital Relief as Fed Slashes Rates
Businesses May See Cost of Capital Relief as Fed Slashes Rates
September 18, 2024  |  Economy

The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly...

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UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
September 18, 2024  |  Bank Regulation

At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies...

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Consumer Lenders Worry as Borrowers Struggle With Bills
Consumer Lenders Worry as Borrowers Struggle With Bills
September 15, 2024  |  Consumer Finance

Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Shares in those companies fell last week following warnings from executives...

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Consumer Delinquency Rates Decline as Inflation Slows
Consumer Delinquency Rates Decline as Inflation Slows
September 13, 2024  |  Loans

More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing...

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Could Generational Change Be The Next Wild Card For Financial Services?
Could Generational Change Be The Next Wild Card For Financial Services?
September 11, 2024  |  Opinion

Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS...

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