Category Credit Cards

Minutes of the September FOMC meeting show a unanimous 12 to 0 vote to raise rates and most officials expecting one more increase before the end of 2026.

The Federal Reserve's G.19 release shows consumer credit rose $18.1 billion in July 2026, pushing revolving card balances to a record $1.3572 trillion a week before the September 16 FOMC decision.

The U.S. prime rate has held at 6.75% for 270 days. After August payrolls rose 162,000, futures price roughly even odds of a hike on September 16.

U.S. retail and food services sales fell 0.6 percent in July to $763.6 billion, the largest monthly decline since May 2025, weakening the case for a September Fed rate increase.

Households expect 3.6% inflation over the next year, the New York Fed's July survey shows, with three-year and five-year readings flat ahead of Wednesday's CPI report.

Interest rate swaps now imply about a 40% chance the Fed hikes on July 29 after Citadel Securities forecast a surprise increase. Here is what a hike or hold means.

Most U.S. credit cards carry a variable APR tied to the 6.75% prime rate. Here is how a Fed decision reaches your statement and what a July 29 hold means.