Yahoo morning briefing
- Millennials are struggling with credit card debt, NY Fed study finds: “Millennials have seen the largest increase in their delinquency rates and now have rates…above pre-pandemic levels,” New York Fed researchers said in a press call. “Given the strong labor market and general economy these increases are somewhat surprising.”
My comment recessions in the US are individualized. FED rate hikes will be coming in the new year after the holiday shopping.