Central Banking8h
Philadelphia Fed documents troubling credit trends in US
Researchers from the Federal Reserve Bank of Philadelphia have found troubling trends in US consumer credit.
Americans struggling with credit card debt, record number only making minimum payments
A report from the Philadelphia Federal Reserve also shows a record-high number of Americans are only paying the minimum ...
More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.
The Federal Reserve is likely to hold interest rates steady next week. Here's what that means for your money
The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.
A look at the challenges Philly-area businesses faced in 2024 and what they expect in 2025
The Chamber of Commerce of Greater Philadelphia released results of an annual report on Thursday with new insight on business ...
A record number of consumers are making minimum credit cards payments as delinquencies also rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, ...
Hosted on MSN12d
Philadelphia-area businesses are less optimistic about the economy entering 2025
A third of local businesses are predicting slightly less favorable business conditions in 2025, according to the Philadelphia ...