Jerome Powell, chairman of the US Federal Reserve. The Fed is expected to increase rates again at … [+] the conclusion of their next meeting on March 22. Photographer: Valerie Plesch/Bloomberg ©...
Tag: Interest Rates
How Your Cell Phone Can Act As Your Personal Finance Hub
Getty Images Key takeaways Online banking and investing apps have revolutionized how we interact with our money Adding online banking and investment apps to your smartphone allows you to manage your f...
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
A New Kind Of Fraud Emerges; Inflation Causing A Scaled Down Spring Break
Fraudsters Double Down on Returns Abuse As more shoppers continue to move online, so has returns abuse. However, this form of fraud has become a severe drain on many merchants’ bottom line. Fraudsters...
Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook
Getty Images Key takeaways The Fed raised its benchmark rate by 0.25% at its most recent meeting This broke a trend of four consecutive meetings with rate increases of 0.75% Though inflation has eased...
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Fed Chief Powell says the disinflationary process has begun, but has a long way to go
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets expect...
Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
[The stream is slated to start at 12:40 a.m.ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-an...
Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation. That mea...
Make Makes Economies Strong?
‘We Can Do It!’, a poster by J. Howard Miller for Westinghouse Electric, aimed at boosting morale … [+] among the company’s workers in the war effort. The poster was displayed at Wes...
The Fed raised interest rates this week. So here’s what you should be earning on your savings account now
Savings accounts are already paying far more than they did even a year ago. Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates a quarter percentage point, and officials n...
If you haven’t switched your savings account recently, now may be the time
Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates again — which is good news for savers. What’s more, savers have been seeing yields on savings accounts rise for months ...
Why the Fed’s interest rate hike is ‘good news for mortgage rates’
The Federal Reserve’s move to hike interest rates signals good news for the housing sector, some experts say. The central bank hiked its benchmark interest rate on Wednesday by a quarter percentage po...
Wall Street to Jerome Powell: We don’t believe you
Do you want the good news about the Federal Reserve and its chairman Jerome Powell, the other good news…or the bad news? Let’s start with the first bit of good news. Powell and his fellow Fed committe...
As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, b...
Why Are Stocks On A Roll? It’s The Liquidity, Stupid
It’s been easy to miss, but central banks are once again turning on the monetary faucets. getty The stability of the international government-bond market matters more to central bankers than ste...
Fed rate decision February 2023: Quarter point hike
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with market expectatio...
10 best high-interest savings accounts for February 2023
10 savings accounts that deliver rates that top 4%. Getty Images/iStockphoto Want to let your hard-earned cash work for you? How about letting it work more than 15x harder than the national average? T...
Here’s everything the Fed is expected to do Wednesday
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Fed Watch: Bitcoin Gives Up Weekend Gains, Analysts Say Not To Worry
Major crypto tokens retreated Monday and erased their weekend gains as traders gear up for a potentially volatile week ahead of the Federal Reserve’s interest rate decision. Bitcoin was trading ...
The Fed Is Poised To Hike Interest Rates Again. Is It Enough To Keep Away A Recession?
(Photo by Samuel Corum/Getty Images) Getty Images Key takeaways The Fed is expected to introduce a 0.25% interest rate hike today, bringing the target up to 4.75% Inflation is already showing signs of...
Why The Fed Will Keep Rates Above 4% For A Long Time
Ever upward, says the Fed. getty Higher for longer. That’s what numerous Federal Reserve officials have been saying about interest rates for some time. Nonetheless, many investors don’t take them at t...
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
Lumber Prices Set For A Surge As Homebuilding Rebounds
Constructing new timber framed houses in Echuca, Australia. (Photo by Ashley Cooper/Construction … [+] Photography/Avalon/Getty Images) Getty Images Get ready for a lumber surge. The homebuildin...
What To Look For In The Fed’s February Interest Rate Announcement
Jerome Powell, chairman of the US Federal Reserve, will announce the Fed’s decision on interest … [+] rates on February 1, 2023 Photographer: Ting Shen/Bloomberg © 2022 Bloomberg Finance L...
The Fed’s Interest-Rate Hikes Seem to Be Working. Here’s How You Can Tell.
The Federal Reserve faces another big decision this coming week. Markets expect it to hike rates by a quarter of a percentage point, a marked slowdown as inflation cools. But another metric also sugge...
Bitcoin clings to $23,000 as crypto stocks rally
After a rally above $23,800, bitcoin bounced back from a temporary drop below $22,600 earlier in the week, to level out just over $23,000 today for a small 1.6% weekly gain. Ethereum dropped nearly 5....
Jobs report tells markets what Fed chairman Powell tried to tell them
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen. On Wednesday afternoon Federal Reserve Chairman Jerome Po...