The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.
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Maroc - HEADLINEUSA.COM - A la Une - 16/Jan 14:39
(Mike Maharrey, Money Metals News Service) Consumer borrowing cratered further in November, likely reflecting growing consumer stress, as price inflation persists and credit cards become maxed out. That’s bad news for a U.S. economy that depends on consumers buying stuff. Persistent price inflation forced Americans to blow through their savings and then turn to credit […]
The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.
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