. Credit card rates, tied closely to the Fed's moves, are expected to keep rising — squeezing consumers who carry a balance.: Rising interest rates and increasing prices had already pushed the average monthly car payment to an all-time high of $656 for new vehicles and $546 for used rides, per Edmunds.
New-car borrowers agreed to an average interest rate of 5.1% in May, up from 4.5% a year earlier and the highest level since March 2020. Automakers and car dealers may be hesitant to let rates go too much higher for fear of chasing away customers, Edmunds executive director of insights Jessica Caldwell said in a written analysis.: Some savers may see at least some relief, in the form of earning a bit more on money parked in savings, depending on the bank. But because inflation is rising far faster than any of those rates, money in savings is still being eroded.
Source: Loan Digest (loandigest.net)
USA gov should stop the empty vessels leaving and Chinese gov should reject vessels without containers
One more important factor for information is sea freight level which was 10× than normal last year and 6× this year. It makes imported goods costs 10% more. And shipping lines brought empty vessels to China caused lack of container and worsened logistics.
'Slam the break on the economy'? In case you haven't noticed we're technically in a recession. -1.4% for Q1 and 0% est. for Q2 Rate increases are usually used for that purpose, yes. But that's not what's happening here.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Futures Edge Up After S&P 500 Slides Into Bear MarketStock futures inched higher, suggesting U.S. markets were poised for muted gains after a rout Monday that sent the S&P 500 into a bear market.
Source: WSJ - 🏆 98. / 63 Read more »
Opinion | The Federal Reserve and Recession FearsFrom WSJopinion: As interest rates rise, Biden can help by ending his anti-growth policies of higher taxes and more regulation opinion Of course we know he won't do anything in the best interest of middle class Americans and to help the economy! opinion Higher taxes on people making 400,000 ^ ? opinion Tax the wealthy, grow from the bottom up. Middle And lower class have plenty of bills to pay and things to buy
Source: WSJ - 🏆 98. / 63 Read more »
U.S. stocks end sharply higher after Fed announces large rate hike to battle inflationAll three major stock benchmarks closed sharply higher Wednesday, after the Federal Reserve said it was raising its benchmark interest rate by three-quarters of a percentage point in an effort to fight high inflation. The DJIA rose around 300 points.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 bulls move in for the kill, but analysts warn that financial assets could remain pressuredS&P 500 bulls move in for the kill, but analysts warn that financial assets could remain pressured By ross_burland SP500 Equities Fed CentralBanks DollarIndex
Source: FXStreetNews - 🏆 14. / 72 Read more »
Financial experts warn about borrowing money as inflation continuesThe Federal Reserve is expected to raise interest rates tomorrow by as much as three-quarters of a percentage point, which would be the largest interest rate increase since 1994.
Source: CBS DFW - 🏆 542. / 51 Read more »
Federal Reserve Could Dole Out Biggest Interest Rate Hike In More Than Two DecadesAll eyes will be on the Federal Reserve Wednesday. It could take more action against soaring inflation with its biggest interest rate hike in more than two decades. Siafa_Lewis reports Siafa_Lewis 👍🏻 Siafa_Lewis
Source: CBS Philly - 🏆 308. / 63 Read more »