Tag: US Federal Reserve
Yale’s Jeffrey Sonnenfeld Discusses Ongoing Bank Crisis and Its Impact on Corporate America
Jeffrey Sonnenfeld of Yale explains why the bank debacle is the responsibility of the Fed The post Yale’s Jeffrey Sonnenfeld Discusses Ongoing Bank Crisis and Its Impact on Corporate America appeared first on Rich TVX News: Breaking News and Latest Videos.
US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion
Inflation in combination with rising interest rates are leading more Americans to spend borrowed money on necessities like food and rent. This week, the Federal Reserve increased interest by a quarter of a point; however, the recent hike is more modest than previous raises, and marks the eighth hike since March of 2022. The post US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion…