Central bankers lowered rates to a new range of 3.5% to 3.75%, potentially bringing welcomed relief to borrowers.

Americans collectively have $1.277 trillion in credit card debt, according to the latest consumer debt data from the Federal Reserve Bank of New York. This is a significant clampdown on current ...

The Federal Reserve on Wednesday announced its second consecutive interest rate cut, bringing the benchmark interest rate to the lowest it’s been in three years. The quarter-point rate cut passed in a ...

The Federal Reserve announced Wednesday it will leave interest rates unchanged. Trump has been pressuring Powell for a rate cut, arguing that maintaining a fed funds rate that is too high makes it ...

The Fed's interest rate cut will have a gradual impact on mortgages and credit card rate relief could be slow.

Discover what loan default rates are, how they're calculated, and their role as economic indicators impacting lenders and borrowers. Learn the metrics used for assessment.

Wondering if your debt load is too high? Here's how to gauge it — and what else you should keep in mind right now.

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled.

Discover how interest due works, its impact on loan payments, and how it varies across different types of credit. Learn with clear examples and key takeaways.

The Federal Reserve announced Wednesday it will leave interest rates unchanged. The Fed decision came amid demands from President Donald Trump to lower the key borrowing rate benchmark, and escalating ...

As expected, the Federal Reserve announced Wednesday that it would leave its key benchmark rate unchanged. Fed Chair Jerome Powell indicated that the central bank has yet to cut rates due to the ...

Fed Chair Jerome Powell indicated that the central bank has yet to cut rates due to the uncertainty and inflation risks posed by Trump's tariff agenda. Many economists say that the full impact from ...