Forex
globalreutersMay 14, 20241 Mins read
US credit card balances rose 13.1% year-over-year in the first quarter
globalreutersMay 14, 20241 Mins read A New York Fed report is out on household debt:
- Overall debt up 1.1% in Q1
- Q1 mortgage balances rise $190 billion
The New York Fed said maxed out credit card borrowers are facing rising stress.
Yeah, I certainly bet they are. Struggling to pay the bills with a maxed out credit card is the very definition of peak financial stress.
This article was written by Adam Button at www.forexlive.com.
Related Articles
Zelensky says Russia used new missile in attack on Ukraine today
The missile was reportedly fired from Astrakhan and targeted critical infrastructure in...
GBPUSD Technical Analysis – Waiting for a breakout
Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures...
ECB’s Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates
Approach to rate cuts must be gradualBut if December projections confirm baseline...
DegenLayer Introduces the First Memecoin Focused Blockchain
DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite,...
Leave a comment