Overall consumer credit continued to expand in the fourth quarter of 2025, with growth in both nonrevolving and revolving credit. Nonrevolving credit, which includes student and auto loans, accounts for 74% of total outstanding consumer credit, while revolving credit, which …
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Federal Reserve Cuts Interest Rates for the Third Time in 2025
The Federal Reserve cut interest rates by a vote of 9-3, a smaller margin than typically seen. The Federal Open Market Committee (FOMC), the panel of Federal Reserve officials responsible for setting monetary policies, dropped the interest rate range to …
Read More »Federal Reserve Announces Another Rate Cut
In support of its goals and in light of the shift in the balance of risks, the Federal Reserve decided to lower the target range for the federal funds rate by ¼ percentage point to 3 ¾ to 4%, the …
Read More »Fed Keeps Rates Steady as Economy Slows
The Federal Reserve kept its rates unchanged as it waits for information on how tariffs and other economic disruptions will affect the economy. The Fed still expects to cut rates twice this year, as growth slows and unemployment increases. In …
Read More »Fed Cuts Interest Rates in Third Straight Meeting
The Federal Reserve cut interest rates for its third straight meeting, this time by 25 basis points to 4.25%-4.50%. It also issued projections calling for two quarter-point interest rate cuts in 2025 amid rising inflation. Members of the committee say …
Read More »Federal Reserve Cuts Interest Rates for First Time in 4 Years
The Federal Reserve cut interest rates by half a percentage point on Wednesday, in the hopes it will ease inflation, lowering interest rates to the 4.75% to 5% range. Lawmakers on the committee have gained confidence that inflation is moving …
Read More »Federal Reserve Proposes Lower Cap on Debit Card Swipe Fees
The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than …
Read More »NRF Says Consumers Still Spending in Light of Inflation Woes
In the latest Monthly Economic Review from the National Retail Federation (NRF), chief economist Jack Kleinhenz says that consumers are worried about high inflation and increased interest rates but are still spending. Overall retail sales reported by the Census Bureau …
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