Fed: Credit card balances dipped by $3 billion in December

Credit card balances edged down in December, even as consumers engaged in holiday shopping, as uncertainty about a second round of stimulus checks extended to the latter part of the month.

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Fed maintains target rate at near zero at January meeting

Chairman Jerome Powell says it’s too soon to think of tightening, which means credit card rates will likely not change much anytime soon.

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How to Build Financial Resilience in An Economic Downturn

Do you remember all those soothing economic numbers that were floating around as recently as February? You know – the record low unemployment rate of 3.5%, and the record high stock market, with the Dow Jones Industrial Average closing at almost 30,000? It seems like ages ago, doesn’t it? The coronavirus happened and changed it […]

The post How to Build Financial Resilience in An Economic Downturn appeared first on Good Financial Cents®.

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Employment Resources: Five Steps for Finding a New Job

The Congressional Budget Office believes the unemployment rate will hit 16% during the summer of 2020 due to the impact of the coronavirus. With so many people on the hunt for a new job, landing an interview and getting hired is going to prove difficult for many. But the truth is that getting a new… Read More

The post Employment Resources: Five Steps for Finding a New Job appeared first on Credit.com.

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