When most of us think about the Fed (the Federal Reserve Board), we think about Chairman Jerome Powell setting bank rates that can have a major impact on the U.S. economy. But what you may not know is that the Fed is a prodigious monitor and relayer of economic data. New data points have come to my attention that show increasing pressure as consumer debt levels and delinquency rates continue to rise – a condition impacting the everyday average American consumer. I felt compelled to share this data with you so you can begin tracking it on your radar screens as well.
Probably the biggest news in business today is that the Federal Reserve Board hiked interest rates for the first time in almost a decade. Wall Street celebrated by driving up stock values in the wake of the news. Yet consumer specialists and others are sounding the alarm. So is the Fed’s rate increase good news or bad news?
