Americans are entering the new year with their debt at record highs. It’s no coincidence that the Federal Reserve signaled tighter conditions for interest rate cuts in 2026 at its December meeting, potentially denying much-needed relief to millions of Americans who rely on loans. Household debt soared to a record $18.6 trillion in the third …
Tag: mortgages
FED: Only 1.5% of $1.5 trillion in deposits can be returned to depositors in case of bank crisis
In a recent study, the US Federal Reserve came to a shocking conclusion that did not dominate the headlines of the financial press: the regulatory reforms that targeted large banks after the financial crisis and aimed to assess their risk more strictly did not reduce the risk to the solvency of the banking system. In …
The ECB’s high interest rates will “test” the Economies of the Southern Eurozone member countries
Although interest rate hikes appear to be peaking in the EU, the southern member states of the Eurozone should expect a lot of pain in the coming years. More specifically, last year’s ECB interest rate hikes are expected to have a greater impact on southern than northern eurozone countries in 2024. And given that asset …