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 […]
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Consumers Cut Up Their Credit Cards
Friday, August 6th, 2010 | Comments Off on Consumers Cut Up Their Credit Cards
Fed Meeting Leaves Low Interest Rate Policy Untouched
Tuesday, July 20th, 2010 | Comments Off on 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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