The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.
Researchers from the Federal Reserve Bank of Philadelphia have found troubling trends in US consumer credit.
The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.
A report from the Philadelphia Federal Reserve also shows a record-high number of Americans are only paying the minimum ...
Financial experts are warning credit card holders of mounting debt as data shows rising number of Americans are only completing their minimum payments every month.