Federal Reserve Keeps Interest Rates Unchanged, Temporarily Halting Rate-Hiking Strategy
The Federal Reserve announced a pause in its rate-hiking campaign, acknowledging the need to wait for the effects to permeate the economy but indicating that more rate hikes are likely this year.
American household debt hits a 15-year high of $17 trillion
Spiraling towards levels only seen during the 2008 financial crisis, US household debt has increased by $320 billion in the last 3 months of 2022.