10/30/2019
The Federal Reserve Cut Rates Again; Here’s What That Means For Your Mortgage, Home Construction And More

The Federal Open Market Committee decided to cut the federal funds rate yet again today, lowering its target range to 1.5% to 1.75%. This marks the third time the Fed has cut rates in as many months.

According to the FOMC itself, “Although household spending has been rising at a strong pace, business fixed investments and exports remain weak.” The Committee also noted “implications of global developments” and “muted inflation pressures” as reasons behind the change.

The reduction was largely anticipated by experts and is the third consecutive cut from the Committee. The trend began at the FOMC’s July meeting, when the majority of members voted for the first rate cut in nearly a decade.

10/28/2019
TD Bank survey: Retailers mixed on 2nd half outlook

HIGH POINT — Most retailers surveyed at the recent High Point Market by consumer financing provider TD Bank expect business will increase or remain steady in the second half of the year, reflecting either a decline in confidence from where retailers stood the same time last year or a big increase, depending on how you parse the data.

10/07/2019
The right conditions: Between trade wars and upcoming elections, consumer credit conditions remain favorable

HIGH POINT — What does the near future look like for the relationship between the furniture retail business and consumer credit? How will current economic conditions affect the lease-to-own market, and other vehicles that facilitate furniture transactions?

07/17/2019
Top Tip for Furniture Retailers: Strong Partnerships and Better Data Will Help Retailers Weather Changing Times

Certainty in partnerships helps businesses navigate uncertain times. This is particularly true for home furnishing retailers who offer promotional sales financing. This sector of retailers require a strong understanding of their customers and their customers' credit needs, as well as clarity on how their financing partners will lend during times of both strong and diminished economic stability.