
Credit Card Rates Stay Above 21% as Revolving Debt Falls in August
The Fed recorded a $4.8 billion August dip in revolving credit, while the average stated credit card rate remained 21.19%.
Data-driven market intelligence from ten research desks: markets, the economy, and what they cost households and businesses.

The Fed recorded a $4.8 billion August dip in revolving credit, while the average stated credit card rate remained 21.19%.

HUD’s seven-step manufactured housing plan opens a broader code-reform process, but offers no deadline or quantified supply target.

MMS operator reports show 62.89% of Gulf oil output shut in, a 1.28 million barrels a day outage, and the same storm also puts 500,000 barrels a day of refining capacity at risk on top of sanctions-driven tightness near $100.

GlobalFoundries and TSMC disclosed a five-year $2 billion manufacturing deal, while production at the New York site is not expected to ramp until 2028.

Treasury designated 17 shadow fleet tankers under Operation Economic Outcast on Oct 8, cutting the ships that move Iranian crude, naphtha and fuel oil to Asian buyers and reinforcing the supply-side bid on oil near $100. A look at the vessels, the numbers and what to watch to the Nov 3 midterms.

Silver slid to its cheapest in two months on Thursday, and the Fed's Chris Waller told an Istanbul forum that more rate hikes are coming until inflation is back at 2 percent.

The White House says eleven industry partners committed $2.4 billion in compute credits and tools for federal science research, including $1 billion from NVIDIA.

Investors typed MRVL stock this week for one reason: Marvell just put some very large AI revenue numbers on its roadmap, and Wall Street raised its targets to match.

The range is a Fed decision, the effective rate is a transaction median, and October odds price a choice that has not happened.

Two regulators, one disputed boundary. The House bill passed 294 to 134, but Senate cloture failed 49 to 50, leaving retail accounts unchanged.

Waller's Oct 8 economic outlook speech leans hawkish on inflation, signaling more Fed hikes after the September rise. A balanced read and what to watch.

The 2027 Social Security COLA is projected near 3.5%, the biggest in four years. The official number lands Oct. 14. Here is what it could mean for your benefit.