The New York Fed found that consumers viewed the risk of missed debt payments rose for the fourth straight month.(Photo by Spencer Platt/Getty Images / Getty Images) The Labor Department's consumer price index (CPI), a popular inflation gauge, slowed to 2.4% in September –...
Perhaps equally as concerning, though, is the fact that 9.6% fear they may miss a minimum debt payment over the next three months. Although this represents a slight decrease from the 12-month trailing average of 10.1%, it still shows that millions of Americans feel unequipped to handle their...
according to the New York Fed's monthly Survey of Consumer Expectations. Inflation expectations also fell at the three-year and five-year horizons - to 2.5% and 2.8%, respectively.
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U.S. consumers have about $1.27 trillion worth of auto debt, which is less than 10 percent of the total consumer borrowing tracked by the New York Fed. Mortgages and student loans are both larger categories than auto debt. The jump in unpaid auto loans is a worrying sign for low-income...
Download the FactSet Analyst Insight Reporthere. ETF Database Themes CategoryNational Munis Asset ClassBond Region (General)North America Region (Specific)U.S. Bond Type(s)Municipal Bond Bond DurationAll-Term FactSet Classifications SegmentFixed Income: U.S. - Government, Local Authority/Municipal ...
January 8, 2025 7:41am EST video $49B in medical debt wiped from credit reports Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit reports. According to the Consumer Financial Protection Bureau, the change will remove $49...
statement or failed to make a material statement that would reasonably be expected to provide the basis for the FDA or any other Governmental Authority to invoke its policy respecting “Fraud, Untrue Statements of Material Facts, Bribery, and Illegal Gratuities,” as set forth in 56 Fed. Reg...
Credit card balances remained flat at $986 billion, the NY Fed said. Nonetheless, credit card debt remains at record highs, according to the Consumer Financial Protection Bureau (CFPB). "Credit cards are one of the most common financial products in our country, providing the bulk of short-ter...
That remains well above the Fed's 2% target, indicating that sticky inflation could be here to stay. By comparison, central bank policymakers projected in their latest economic forecasts that inflation will fall to 2% by 2025. Americans expect the cost of many necessities, like ...