Credit-card debt just hit a record high. Here’s why it’s not ringing recession alarms — yet

Americans’ total credit-card debt ticked up to $1.14 trillion, a new record high, according to the New ... See also: ‘I don’t think the consumer is in trouble’: Debt is going up, but ... Read More

Consumer Borrowing Points to Spending Slowdown

Consumer credit increased by $8.9 billion in June, less than economists expected. Credit card borrowing dropped by the most in three years as consumers reined in spending. Previous months' credit ... Read More

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful ye ... Read More

The Federal Reserve holds interest rates steady, with no immediate relief for consumers from sky-high borrowing costs

Although that's not the rate consumers pay, the Fed's moves still affect the borrowing and savings rates they see every day. The spike in interest rates caused most consumer borrowing costs to ... Read More

Home Depot warns of pullback in consumer spending, saying Americans are delaying big projects

The company lowered its sales expectations for the year, blaming weaker consumer spending ... of the market given high borrowing costs and home prices that reached a record in June. Read More

US Consumer Borrowing Rises Less Than Forecast on Credit Cards

US consumer borrowing increased in June by less than forecast, reflecting smaller credit-card balances. Total credit outstanding rose $8.9 billion after an upwardly revised $13.9 billion advance ... Read More

This week: consumer credit snapshot, unemployment claims, mortgage rates

The Federal Reserve issues its latest snapshot of consumer borrowing on Wednesday ... The Washington Post or Bloomberg News. Rather, we focus on discussions related to local stories by our ... Read More

Stock market today: Wall Street wavers as the Dow hovers around its record high

NEW YORK (AP) — Stocks wavered on Wall Street Tuesday and the Dow Jones Industrial Average hovered around the record high it set a day earlier ... said Tuesday that its consumer confidence index rose ... Read More

Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading

The Dow Jones Industrial Average inched up to another record high on a mixed day of trading for Wall Street. The Dow eked out a gain of 9 points, or ... Read More

Walmart boosts sales outlook, shares surge to record

sending its shares up 8% to a record high. The world's largest retailer by sales is one of the first big U.S. chains to report quarterly results that provide insight into consumer health ... Read More

This week: consumer credit snapshot, unemployment claims, mortgage rates

A look at some of the key business events and economic indicators upcoming this week: Credit check The Federal Reserve issues its latest snapshot of consumer borrowing on Wednesday. Advertisement ... Read More