How to pay off credit card debt in a year (or less) [CBS News]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: CBS News
That's a significant decline from what we saw from 2021 to 2023 , when inflation climbed a cumulative 16.9%. However, today's inflation rate is still higher than the Federal Reserve's 2% target rate, which has resulted in the Fed keeping interest rates elevated in an effort to cool inflation. The agency indicated earlier in the year that it would likely reduce the federal funds rate in 2024, but for now, it remains at a 23-year high. That's bad news for credit card users now paying higher interest rates on their debt. The agency reports the average credit card interest rate is 22.63% , with many cardholders paying upwards of 30% interest on their outstanding debt balances. As a result, many Americans who carry a credit card balance from month to month are struggling to stay current on their accounts. In fact, data from the Federal Reserve Bank of New York shows that 6.4% of all credit card accounts are 90 days past due. Credit card debt can damage your finances in the short and lo
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LPLA
News
- Advisor Duo Joins LPL Financial to Launch 1818 Wealth Management [Yahoo! Finance]Yahoo! Finance
- Advisor Duo Joins LPL Financial to Launch 1818 Wealth ManagementGlobeNewswire
- Markets today: U.S. stock bull run breaks record on Fed decision day [BNN Bloomberg (Canada)]BNN Bloomberg
- Here's how the S&P 500 and its sectors tend to react on CPI days, according to LPL [Seeking Alpha]Seeking Alpha
- September rate-cut chances spike up after core CPI in May cools to a 3-year low [Seeking Alpha]Seeking Alpha
LPLA
Earnings
- 4/30/24 - Beat
LPLA
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 144
- 6/7/24 - Form 4
- LPLA's page on the SEC website