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Federal Reserve
The Toll of Government Spending on American Credit Card Debt
Despite the optimistic outlook on the economy frequently presented by the White House, a less positive reality unfolds for the average American – a massive surge in credit card debt. By the close of the last year, credit card debt in the United States reached a...
Feds Leave Interest Rates Unchanged – Three Cuts Projected for 2024
The Fed announced it would maintain its benchmark interest rate at 5.25%-5.50% for the fifth consecutive meeting. This decision, reached on March 20 by the Federal Open Market Committee, leaves financial markets and observers looking ahead to June, where the first...
Timeline for Expected Rate Cut Shifts After CPI Numbers Released – Housing Market Still Expected to Surge
CPI numbers released today indicate U.S. inflation pressures cooled in January. Still, the drop was less than anticipated, which lines up with the reasoning behind the Federal Reserve’s caution on interest rate cuts. Others had been more hopeful, as seen in a...
Feds Keep Benchmark Interest Rate Steady Creating Surge in Real Estate Investment Purchases
In the first monetary policy meeting of 2024, the Federal Reserve announced it will hold its benchmark interest rate at 5.25 to 5.50 percent, marking the fourth consecutive session in which the rate has remained unchanged. Drawing conclusions from the housing...
Feds Keep Key Interest Rate Unchanged Confirming Housing Explosion on the Horizon
The Federal Open Market Committee (FOMC) held its 2-day meeting this week, resulting in the key interest rate being left unchanged for a third consecutive time. As it stands, the benchmark federal funds rate is settled at 5.25- 5.5%, a 22-year high that has pushed...
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