Posts Tagged ‘Fed’

Consumers Cut Up Their Credit Cards

Today the St. Louis Fed just released figures on total consumer revolving credit. This is basically consumer credit data but a month late. Total consumer credit fell just .7% but figures show that revolving consumer credit shrunk 6.5% on an annualized basis. The decline went from $831 billion to $826 billion. The last time we […]


Fed Meeting Leaves Low Interest Rate Policy Untouched

As expected by most Fed watchers, the Federal Reserve Open Market Committee left?its low?Fed funds rate (which is in the 0% to 0.25% range) unchanged. This is the 13th consecutive time the Fed has left the rate unchanged in order to help boost the economy and support the housing market, which is due to feel […]

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