A recent report released by the Federal Reserve revealed Visa and Mastercard’s shift of more of the burden of debit card fraud onto the merchants, easing the responsibility for banks. Updated figures show merchants paid for 49.9% of debit card …
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The Federal Reserve reduced interest rates for the first time since December 2024, amid the risk of rising unemployment, and announced more cuts would follow in response to the declining labor market. Interest rates decreased by a quarter of a …
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Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
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The Federal Reserve recently announced a pause on rate cuts at the end of a January meeting, holding the federal funds rate between 4.25% to 4.5%, the National Association of Home Builders (NAHB) reports. The Fed notes the economy remains …
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