Core Insights - The rising trend of bankruptcy filings among consumers with retail credit card debt is linked to record-high interest rates, which have reached an average of 30.45% as of September [2][3] - The proportion of bankruptcy filings that include retail credit card debt has increased at a faster rate than overall new filings, with a 12% rise in such cases compared to a 5.8% increase in total consumer bankruptcy filings between 2023 and 2024 [3] Industry Context - Retail credit cards typically have higher interest rates than traditional credit cards due to the lower credit scores of their holders, making them riskier for banks [1] - The increase in interest rates was influenced by banks anticipating regulatory changes regarding credit card late fees, which ultimately did not take effect, leading to sustained high rates [2] - The Consumer Bankers Association emphasized the role of retail credit cards in helping consumers manage expenses and build credit, while also highlighting the availability of various financial tools for consumers [4]

The Federal Reserve's 'dot plot' and economic projections showed that Fed officials aren't hurrying to cut interest rates and expect unemployment to rise while inflation remains stubbornly high. https://t.co/G2dK1zCFlb ...

Here's a question some Fed-watchers, including the President of the United States, have asked lately: Why won't the Fed cut interest rates already? Fed Chair Jerome Powell has answers. https://t.co/qFPv4wNBKa ...

Good afternoon. My colleagues and I remain squarely focused on achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. Breaking news.The FOMC meeting took place today. Fed Chair Jerome Powell made an interesting announcement shortly after. The news is this.The Federal Reserve leaves interest rates unchanged. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum emp ...

What do you think about what we heard today and what Chair Powell had to say. Well, again, great to have you here. And in terms of what you just said, I think that's the story.And they're basically the Fed is saying these tariffs, you want to go down this road, that's fine. What you're going to see is higher inflation. I think they raised it to 3%.You're going to see lower growth down to 1.4%. And I think it's all in the back of the tariff concerns, which are probably somewhat warranted. And, you know, I th ...

>> THE FED REVISING HIGHER ITS INFLATION EXPECTATION, REVISING LOWER ITS ECONOMIC EXPECTATIONS BUT LEAVING A DOT PLOT IN PLACE THAT SUGGESTS TWO RATE CUTS LATER IN THE YEAR. I'M ROMAINE BOSTICK. ALIX: I'M ALIX STEEL, WOULD YOU ARE 10 MINUTES FROM THE CLOSING BELL.NOTHING IN THE MARKET. A SNOOZER IN TERMS OF MARKET REACTION, PROBABLY EXACTLY WHAT THE FED WANTED. THE TWO YEAR YIELD DOWN JUST ONE BASIS POINT.SUPER CALM HONESTLY. ROMAINE: RATES STAYING EXACTLY WHERE THEY ARE. BASICALLY WHERE THEY HAVE BEEN AT E ...

U.S. equities rose at midday ahead of the latest announcement from the Federal Reserve, as President Donald Trump again called on Fed Chair Jerome Powell to cut interest rates. https://t.co/QYhkfCOHzH ...

For more on this state of housing and mortgage demand, let's bring Matt Ishbia, CEO of United Wholesale Mortgage. The company is the number one mortgage originator in the country. Matt, it's great to have you back on the show.Welcome. Let's start right there. Is 7% the new normal.You know, I don't I don't know. I It seems like it's been there for a little while, but the the truth is you got to shop around. There's a lot of people that get rates at the six and a quarter, six and a half, and there's of course ...

The S&P 500 ended with a loss of less than 0.1% on Wednesday, June 18, 2025, as the Fed held interest rates steady and updated its economic forecasts. https://t.co/GJH21DtKaA ...

For more on the Fed, let's bring in Jeffrey's chief market strategist, David Zervos, and former Richmond Fed President, Jeffrey Lacker. Guys, welcome. Uh, Jeffrey, so uh, the Fed seems to be listening to these calls for a meaningful amount of inflation perhaps in the back half of the year.What's the meaningful data that could counter that and still lead to a cut. Is it employment related. No, I don't think so.Um, I mean, if employment fell out of bed, of course, they'd react, but it looks like the employmen ...