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Finance

Federal Reserve is likely to hold interest rates steady next week. But some consumer loans are getting cheaper

The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite some encouraging news on inflation. Although inflation receded last month,...

Finance

Consumer outlook sinks as recession fears take hold

More Americans fear missed paymentsHouseholds also grew more worried about being able to pay their bills, the New York Fed's survey found. Respondents' perceived likelihood...

Finance

Consumer credit rose to $5 trillion in January — ‘small cracks are starting to emerge,’ analyst says

Total outstanding consumer debt stood at $5 trillion as of January, according to the Federal Reserve's G.19 consumer credit report released on Friday. That is up...

Finance

The U.S. is appointing an ‘affordability czar’ — here’s what that means for you

President Donald Trump vowed to "make America affordable again" before a joint session of Congress Tuesday, but also noted that his steep new tariffs may cause some "disturbance."Tariffs on Canada...

Finance

Homebuyers are making bigger down payments. Coming up with that cash is still a struggle

Alvarez | E+ | Getty ImagesHome prices have been rising, and so have down payments.The median down payment among homebuyers in December was $63,188,...

Finance

Trump’s $5 million ‘gold card’ visa opens a door for wealthy college applicants from overseas, experts say

New York University graduates walk through New York's Washington Square Park on May 9, 2021.Alexi Rosenfeld | Getty ImagesFor years, restrictive student visa policies...

Finance