Amid a surge of credit card borrowing, Americans continued to raise the amount of debt they have taken on in the fourth quarter, even as mortgage borrowing declined amid rising interest rates and increased borrowing […]
Higher interest rates reduce the number of willing borrowers, and debt buyers balk at falling prices. The Federal Reserve has been a major buyer of debt in recent years. History is riddled with monetary policy […]
US Treasury Secretary Janet Yellen told reporters Friday that inflation is not becoming entrenched in the US economic picture, as analysts have begun to grow concerned that the rising prices in America seem resistant to […]
Bloomberg’s analysis team is sounding the alarm on British inflation, predicting it could surge up to 15% by the beginning of 2023 as energy prices hit businesses hard. The outlet reported that unless the government […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook: Winter Fuels Outlook Note: Expenditures are in nominal terms, not adjusted for inflation. According to our 2022 Winter Fuels Outlook, we expect that households that use […]
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