WASHINGTON—Incoming GDP, labor market, and inflation data point to an economy that entered 2025 with strong momentum, but current risks to the outlook are higher than normal due to uncertainty around trade policy, including additional tariff proposals, according to the February 2025 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
Fresh Today
NEW YORK—Digital wallets have become the preferred choice for consumers worldwide as cross-border transactions change, PYMNTS reported.
MIAMI—Americans carry significant amounts of debt. Today, consumers collectively owe over $1.2 trillion in credit card debt, nearly $1.7 trillion in auto loan debt, and several hundred billion dollars in personal loan debt, WalletHub reported.
TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year.
WASHINGTON—It’s an active week in Washington, with a possible government shutdown looming and the House Ways and Means Committee beginning to mark up the tax reform bill.
NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.
WASHINGTON--Following reports last week that House Ways and Means Republicans discussed the credit union tax status and reported plans to work on tax legislation this week, America’s Credit Unions has issued an action alert in support of the credit union tax status.
WASHINGTON—Pessimism toward mortgage rates and personal financial situations continues to grow, according to Fannie Mae.
MARION, Ind.—The $577-million Via Credit Union has been hit with a class-action lawsuit over what appears to be a data breach that occurred at the organization between Jan. 18 and Jan. 20, Bloomberg Law reported.
NEW YORK—Federal Reserve Chairman Jerome Powell made it clear that the new Administration’s “significant” policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation will have a sharp impact on the path of monetary policy.