Federal Reserve officials remain sharply divided on interest rate cuts, casting doubt on the likelihood of a December rate cut. With inflation trying to creep back up and a weakening labor market, the Fed has some big decisions to make.
Those economic pressures are showing up in household finances. As families head into the holidays — a time when spending rises and financial stress peaks — many wish they had a stronger safety net. And according to Bankrate's annual emergency savings report, the timing couldn't be worse, as the survey found that 80% of Americans didn't grow their emergency savings at all this year.
