The Federal Reserve plays ... the prime rate. Credit card issuers typically set their rates above the prime rate. Eric Kelley, chief investment officer at UMB Bank, explains further: "The prime ...

The Federal Reserve ... the central bank is on the sidelines, for now, some consumer loan rates are starting to ease, giving ...

What is the average credit card debt in the U.S.? Based on data from the Federal Reserve Bank of New York and the U.S. Census Bureau (based on 2024 and 2023 data respectively), it can be ...

While investors worry about the markets, the Federal Reserve Bank of Philadelphia is raising the alarm about another economic indicator: credit-card payments. According to the central bank ...

The Federal Reserve announced ... Even though the central bank began to lower its benchmark rate at the end of last year, consumer rates are still elevated, with credit card annual percentage ...

Federal Reserve ... the central bank lowered its benchmark rate three times in 2024, those consumer rates are still elevated, and are mostly staying high, for now. Many credit cards have ...

Federal Reserve Chair Jerome Powell "is sitting ... news you need to know with the Chicago Catch-Up newsletter. Many credit cards have a variable rate, so there's a direct connection to the ...