Government News

As the end of China’s stringent Covid restrictions quickens the country’s economic recovery, concerns about pent-up Chinese demand — and the inflation that may follow — could mean bad news for the U.S. Federal Reserve. Economic data indicates that the Fed’s aggressive…

An early December survey from U.S. News & World Report shows that more than eight in 10 Americans who have credit card debt are experiencing anywhere from a little to a lot of anxiety about it. Nearly 31% have at least $6,000…

CNN —  Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage averaged 6.49% in the week ending December 1, down from 6.58% the week before, according to Freddie Mac. A year ago, the…

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. 11. That’s a $46 billion increase in credit…

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because…

The US Federal Reserve increased interest rates by 75 basis points in its latest policy meeting, its fourth straight supersized hike this year. This decision lifts the target for the benchmark federal funds rates to its highest level since 2008. After keeping…

Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily.…

As President Biden and the Democratic Party still have plans to pump money into the U.S. economy, one tax expert is signaling that a Republican congressional majority could “absolutely” ease Americans’ financial stress. “Here’s the good news – we’ve done this…

Megan Henney, September 23, 2022 NC State Endowment Committee member Dennis Gartman and Payne Capital Management president Ryan Payne debate how an aggressive Fed could impact markets on ‘Mornings with Maria.’ U.S. home prices are finally falling from a record…

JORDAN HART, SEPTEMBER 17, 2022 A new report reveals which US cities would be most vulnerable to housing-market declines in an economic downturn. On Wednesday, real estate data company, ATTOM Data Solutions, published its Special Housing Risk Report for the second…