Fed Crushes Household Net Interest Income in Break From Past

Unlike every other Fed hiking cycle of the past half century, the latest one triggered a sharp decline in household net interest income.

By Ben Holland | March 18, 2024 at 01:00 PM

Marriner S. Eccles Federal Reserve Board Building is situated in Washington D.C., USA

When the Federal Reserve raises interest rates, US households — in aggregate — usually get a boost to interest income that outweighs the extra cost of servicing debt. Not this time.

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1 Coastal & Truliant Credit Unions Join Auto Forces

2 Minimum Wage Workers Find It Harder to Meet Rent

3 Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

4 CLF & FOM Expansion Bills Introduced

5 Driving Loyalty Forward: Car Rentals in the New Era of Credit Union Rewards

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CLF & FOM Expansion Bills Introduced

By Michael Ogden | December 20, 2024

The credit union industry, for the most part, supports these efforts to encourage CU growth.

Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

By Peter Strozniak | December 20, 2024

Roberta Kozlowicz will become CEO at DuPage CU in January, succeeding Diane Shelton, who will retire at the end of year after 40 years of service.

Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

Coastal & Truliant Credit Unions Join Auto Forces

By Jim DuPlessis | December 20, 2024

N.C. credit unions form CUSO to sell cars with Winston-Salem car dealership with ties to other credit unions.

Coastal & Truliant Credit Unions Join Auto Forces

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