The share of households reporting that it is harder to obtain credit hit a new record high.
A record number of Americans reported finding it harder to obtain credit in August than one year ago, which could put a damper on consumer spending in coming months, according to a monthly survey by the New York Federal Reserve Bank.
Consumer spending has been stronger than expected this summer, surprising Federal Reserve officials and financial markets. According to the monthly survey, Americans’ perception of their financial situations generally worsened, with both current and year-ahead expectations declining.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Instagram Hosted a Fashion Week Gathering at New York’s Buzziest New Cocktail BoîteJac’s on Bond played host to Instagram’s best and brightest creators for a fashion week respite.
Baca lebih lajut »
New York Fashion Week Finds a New Way ForwardWhile designers celebrate anniversaries, returns, and remixes, they're also discovering a balance between past and present
Baca lebih lajut »
Girls volleyball wrap: Middletown defeats York Catholic and West YorkThe Blue Raiders win two Saturday matches
Baca lebih lajut »
Egypt’s annual inflation hits a new record, reaching 39.7% in AugustEgypt’s annual inflation rate has hit a new record high in August, as the cash-strapped country continues to battle price hikes and a depreciating currency.
Baca lebih lajut »