federal reserve

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.

Source: federalreserve.gov

Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues

Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Could Mixed Inflation Expectations Predict A Spending Slowdown?
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024  |  Economy

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back...

READ MORE >
Everything You Probably Didn’t Know About Bank Holidays
Everything You Probably Didn’t Know About Bank Holidays
July 04, 2024  |  Banking

July 4th is one of the 11 bank holidays observed in the United States. Get the Full Story Complete the form to unlock this article...

READ MORE >
Synapse Trustee Fights to Retain Crucial Data
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024  |  Legal & Regulation

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report...

READ MORE >
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
July 02, 2024  |  Artificial Intelligence

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said...

READ MORE >
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024  |  Economy

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to...

READ MORE >
Atlanta Fed Names Cheryl Venable as First VP and COO
Atlanta Fed Names Cheryl Venable as First VP and COO
July 01, 2024  |  Personnel

The Federal Reserve Bank of Atlanta has a new first vice president and chief operating officer. Get the Full Story Complete the form to unlock...

READ MORE >
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024  |  Legal & Regulation

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” Get the Full Story Complete the form to unlock this article and...

READ MORE >