That is because people must commit more of their income to servicing their debt when borrowing cost rise, leaving less for other spending. The fact that the job market has been particularly strong, and that average household incomes are rising, helps this adjustment. Consumer confidence has also been relatively high.
-3responsibilities by analyzing and disseminating information related to local financial needs and successful approaches for attracting and deploying capital. These efforts strengthen the capacity of both financial institutions and community organizations to meet the needs of the communities they serve.