Fed rate hike
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And Rood is quick to make an important point: Mortgage rates, unlike credit card and auto interest rates, are far more dependent
You've probably heard by now that the Federal Reserve executed a long-awaited interest rate hike in December. Though this move was both inevitable and sorely needed, it's not great news for borrowers. In fact, your student loan interest rates might have gone up as a result.
There it is again: the Fed rate hike talk we've missed so much since last December. Fed Chairwoman Janet Yellen said on Wednesday that risks for the U.S. economy are rising and indicated that the central bank may delay its next interest rate hike in March.
The central bank doesn't think interest rates will rise -- unless Wall Street misses the message.
There's a lot we don't know. (It's so amazing that I just looked it up to confirm that it really happened, and it did!) After
And to think Larry Summers almost got the job instead.
The Fed balances concerns about inflation with its commitment to full employment.
Wage stagnation is a "clear sign" the economy is not ready for an interest rate hike, the newspaper argued on Monday.
Bivens and Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities and former economic adviser to Vice