[5 llyfr y bore yma]Handpicked news you want to read at work – Bloomberg

In the United States, the debt burden is increasing among Generation Z (those born after the mid-1990s). According to Credit Karma, the average debt balance of Gen Z was $16,283 in the third quarter of 2018, up 3.1% from the third quarter of 2018. The rate of increase is higher than other generations such as millennials and baby boomers. Wages have not kept up with inflation , and more people rely on credit cards, especially those who have been in the workforce for a relatively short time and are paid relatively low wages.Generation Z seems to be struggling. Here are five news items to keep in mind as you start your day.

Rate increase of 0.25pt

Federal Open Market Commission (FOMC) to raise the key policy interest rate by 0.25 points. He said he would continue to raise interest rates despite the risk of a worsening banking crisis. The target range for the Federal Funds (FF) rate is 4.75-5%, the highest since September 2007. The decision was unanimous. According to FOMC participants’ economic and interest rate forecasts released at the same time, the policy interest rate was around 5.1% at the end of 2023, unchanged from the median forecast in December last year. The median forecast for 2024 rose to 4.3% (previously 4.1%).

Does not consider full deposit insurance

US Treasury Secretary Yellen said regulators were not considering providing “full-scale” deposit insurance to stabilize the US banking system. He also said the head of a recently bankrupt US bank should be held accountable. “I have not considered or discussed the full insurance or deposit guarantee,” Yellen told a Senate subcommittee hearing.

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