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102 articles found for "savings"
The New York Fed reports that American credit card balances hit $1.28 trillion in Q4 2025, the highest on record, as more than half of cardholders now rely on revolving debt to cover necessities like groceries and healthcare.
Subprime auto loan delinquencies have reached 6.65% at 60+ days past due, the highest since the 1990s. Vehicle repossessions surged to 1.73 million last year as affordability pressures crush borrowers paying 21% interest on used car loans.
The American Rescue Plan's tax exemption for forgiven student loans expired on January 1, 2026. Borrowers who receive IDR forgiveness now face federal tax bills averaging $5,800 to $10,800 on debt they thought was simply being erased.
The One Big Beautiful Bill Act eliminates Graduate PLUS loans entirely, caps Parent PLUS loans at $20,000 per year, and limits graduate student borrowing to $20,500 annually starting July 1, 2026.
The Federal Reserve faces its deepest internal division in years as Governor Miran calls for 1.5 percentage points of additional rate cuts while Vice Chair Jefferson says rates have already reached the neutral level.
Traders raised odds of a June Fed rate cut to 83% after January CPI cooled to 2.4%, its lowest since May 2025. The timing aligns with Jerome Powell's term ending in May and Kevin Warsh's expected takeover as Fed Chair.
The 10-year Treasury yield fell more than 5 basis points to 4.127% on Thursday, reversing the spike that followed Wednesday's strong jobs report, as the bond market repositioned ahead of Friday's delayed January CPI inflation data.
Treasury yields dipped Thursday as investors positioned for Friday's delayed January CPI report. The 10-year fell to 4.158% with economists expecting 0.3% monthly inflation.
The Biden-era SAVE student loan repayment plan has been terminated, loan forgiveness is now taxable income, and a new RAP plan launches in July 2026. Here is what 8 million affected borrowers should do right now.
Dallas Fed President Lorie Logan told a financial industry conference that the federal funds rate may already be near the neutral level that neither stimulates nor restrains the economy, effectively signaling that the Fed's easing cycle could be finished after just three cuts.
January's 130,000-job payroll beat pushed Fed rate cut expectations to July 2026, keeping credit card APRs near 23%, auto loan rates elevated, and variable-rate debt expensive for millions of Americans carrying record balances.
Cigna's Express Scripts reached a landmark settlement with the FTC over insulin pricing manipulation. The 10-year agreement mandates structural PBM reforms including delinking compensation from list prices and favoring lower-cost alternatives.