By Naveen Athrappully Credit card debts and delinquency rates among Americans increased in the first quarter of 2024, with newly delinquent individuals having a high median credit card utilization rate of 90 percent. Household credit card debt in the United States rose by $129 billion over the past year, reaching $1.15 trillion as of Q1 […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.