FOMC Holds Rates Steady

The Federal Open Market Committee held interest rates steady yesterday–as many forecasters had predicted.

Fed Adds 25 Basis Points to Federal Funds Rate

The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.

Inflation Spurs Consumers to Credit Cards, Home Equity

TransUnion, Chicago, said amid rising interest rates and high inflation, the fourth quarter saw consumers continuing to look to credit as a means to help stave off financial pressures.

Despite Challenges, 1Q Consumer Credit Health Stays Strong

Rising interest rates and increased prices of goods and services placed pressure on the consumer wallet in the first quarter. Despite the challenges, consumers remain well positioned from a consumer credit perspective, according to the Quarterly Credit Industry Insights Report from TransUnion, Chicago.