WASHINGTON, DC – JANUARY 29: At its December rate decision, the Fed indicated that rates could … [+] exceed 5% for much of 2023, but data could change that (Photo by Samuel Corum/Getty Ima...
Tag: Interest Rates
The Fed raised interest rates again. Where to earn 3-5% on your savings account
Where to earn more on your savings account. Getty Images/iStockphoto On Wednesday, The Federal Reserve raised its benchmark interest rate by half a percentage point, bringing the federal-funds rate up...
New- And Used-Car Supply Improves In 2023, But Affordability Still Tough, TransUnion Says
Plenty of open parking spaces in a storage lot for a car dealership in California. MediaNews Group via Getty Images Scarce new- and used-car inventory in 2022 should give way to slightly better availa...
Fed Hikes Rates By 0.50 Percentage Points As Inflation Falls
(Photo by Robert Alexander/Getty Images) Getty Images Key Takeaways Inflation was up just 0.1% in the month of November, bringing the headline annual rate to 7.1%, down from 7.7% last month. Today the...
Fed Now Sees Rates Topping 5% In 2023
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US. Rates are expected to mov...
Fed raises interest rates half a point
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately. Keepi...
Fed Ends 0.75% Streak, Opts for Lower Rate Increase in December
The Federal Reserve bumped interest rates by half of a percentage point on Wednesday, putting an end to its streak of 75 basis point rate increases which started back in June. The US central bank cit...
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit t...
U.S. Inflation Eases In November, But Further Rate Hikes Expected
Prices rose less than expected for November 2022, improving the inflation outlook for Federal … [+] Reserve Chairman Jerome Powell. (AP Photo/Patrick Semansky) Copyright 2022 The Associated Pres...
Prices rose less than expected in November, up 7.1% from a year ago
Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. The consumer price index, which measures a wide bas...
Consumers see inflation easing considerably in the next year, New York Fed survey shows
Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Consumers grew more optimistic about inflatio...
Inflation peaked but will remain above pre-Covid levels: Mastercard
Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “...
Inflation backdrop may increase appetite for this roughed-up bond play
The appetite for Treasury inflation-protected securities ETFs, otherwise known as TIPS, may soon increase. According to Charles Schwab’s D.J. Tierney, these investments are becoming more appeali...
More Economic Signs Point to a Recession and Higher Interest Rates
The Federal Reserve’s heavily telegraphed move to slow its pace of monetary-policy tightening next week risks sending a message to markets that the central bank is well on its way to reining in inflat...
The Fed Could Drive Bitcoin to $18,000 or Unleash More Selling Pressure
Cryptocurrency prices including Bitcoin drifted slightly higher Saturday ahead of an eventful macro week for markets. Highly anticipated inflation data and a likely increase in interest rates from the...
Elon Musk Sounds a Dire Warning About the Economy
Elon Musk is worried about the economy. For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank̵...
3 Ways to Take Advantage of Today’s High Cash Yields
Cash has been a refuge during this volatile year when stocks, bonds, and cryptocurrencies have cratered—especially since savers can now earn some of the highest yields in more than a decade. Interest...
A Look Back at Cathie Wood’s Disastrous Year
Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, has offered plenty of interesting ideas about the economy and stock market this year. But for her clients, Mama Cathi...
Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling
Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies ...
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5% before pausing for some time. But it’s possible that the Fed could decide that ...
When Is The December Fed Meeting And What To Expect From It
The Federal Reserve will once again set interest rates on 14, a 0.5 percentage point hike is … [+] expected. Photographer: Valerie Plesch/Bloomberg © 2022 Bloomberg Finance LP The markets expect...
Psst: You can earn 5% on your checking or savings account right now — and multiple banks are offering it
As competition escalates for new savings customers, many financial institutions are promising high yields simply for becoming a customer and following various transaction requirements. And if done cor...
Tax strategy that may offset losses – but investors need to act now
Investors may get a wake-up call this winter when it comes to taxes, but it doesn’t have to be that way. According to BNY Mellon’s Ben Slavin, it’s a key time to sell losing investme...
Disappointing Nowcasts For Upcoming Inflation Highlight Fed’s Concerns
Federal Reserve Chair Jerome Powell speaks at the Hutchins Center on Fiscal and Monetary Policy at … [+] the Brookings Institute on Wednesday, Nov. 30, 2022, in Washington. (AP Photo/Nathan Howa...
Economist Austan Goolsbee named next Chicago Fed president
The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. ...
Stocks Dip, Salesforce, Costco, Five Below And GE-5 Things To Know
Five things you need to know before the market opens on Thursday December 1: 1. — Stock Futures Drift Lower After Powell-Induced Rally U.S. equity slipped lower Thursday, following on from one ...
Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...