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'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo.
Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts
To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts,
178 cases of credit card fraud at retail stores since Oct 1
At least 178 cases of credit card fraud at retail stores have been reported to the police since Oct 1. Earlier this month, five people linked to such cases were arrested. Another four suspects were arrested in recent weeks.
20h
on MSN
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...
The Motley Fool on MSN
6h
Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market
Interest
rates
hit a two-decade high following the Federal Reserve's last hike in 2023. With inflation clearly trending ...
1d
on MSN
Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending ...
1d
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4 ...
3d
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by ...
1d
on MSN
What will mortgage interest rates be in 2025? Experts weigh in
Most experts predict that mortgage rates will fall steadily in 2025, and forecasts from both the Mortgage Bankers Association ...
2d
Fed’s Cook Paints December Interest Rate Cut as Uncertain
Federal Reserve Governor Lisa Cook said the timing of further interest-rate cuts will depend on coming data, leaving the ...
11d
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
2d
on MSN
Fed’s Williams Sees Inflation Cooling and Interest Rates Falling Further
John Williams, who heads the Federal Reserve Bank of New York, expects the economy to grow by about 2.5% next year.
2d
How Low Can The Fed Go With Rates?
"While now is the time to begin dialing back the restrictiveness of monetary policy, it remains to be seen how much further ...
The Motley Fool on MSN
9d
The Fed Just Cut Interest Rates Again. Should You Sign a Mortgage ASAP?
The
Fed
has lowered its benchmark
interest
rate twice this year, with its most recent rate cut in November. While rate ...
3d
Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll
The U.S. Federal Reserve will trim interest rates next month but make shallower cuts in 2025 than expected just a month ago ...
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