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Investors likely will have to sweat out a summer during which it looks increasingly unlikely that the Federal Reserve will be cutting interest rates.
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. A year ago severe delinquencies totaled only 8.2% of credit card debt. Meanwhile total credit card debt rose to $1.12 trillion from just under $1 trillion a year ago.
Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.
Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time
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