Debt
Smart Spending Tips explains how mixed economic signals are complicating Fed decisions and what that means for 2025 interest rates and consumer borrowing costs. June’s Fed meeting came and went without any change in the Federal funds rate. The decision reflects a growing problem: the economic indicators the Fed relies on are increasingly pointing in opposite directions. Slowing economic growth and rising unemployment typically call for lower rates, but renewed inflation concerns are pulling the other way. This tug-of-war is leaving 2025 interest rates in limbo. The Fed expects economic signals to move further apart After the Federal Open Market…
Credit Sesame discusses how current low inflation is an opportunity to address and reduce debt. The recent Federal Reserve interest rate cut has been widely greeted as a welcome break for consumers struggling with debt. Low interest may help, but something else may represent an even bigger opportunity for people to get their debt under control. A return to low inflation can make it easier for consumers to meet expenses and stick to a budget. Consumers can use this opportunity to create budgets that don’t depend on continued borrowing. Price stability makes it easier to budget When inflation peaked at…