The Fed’s move will reduce its benchmark rate — which influences many consumer and business loans — by an additional quarter-point to a range of 1.75% to 2%.
A full percentage cut would reportedly save the president $3 million annually in interest payments.
The freshman lawmaker from New York says if they want to follow the Bible, they can start by backing her bill.
“When banks charge higher and higher interest rates,” said Rep. Ocasio-Cortez, “essentially your credit card becomes a payday loan.”
A certificate of deposit could be the answer to earning higher interest on your savings.
The stock market is wild, but you don't need to go crazy.
For example, your sign-up bonus might be subject to income tax.
Three more rate hikes are slated for 2019.
Meet the hoops you'll need to jump through.
It might seem like a scam, but not if the math works out in your favor.
You might not get that interest write-off after all.
Hint: It's not the sales price or your credit score.
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The Federal Reserve is acting cautiously. If they're concerned, chances are you should be, too.
Latvia, a country Paul Krugman loves to hate, takes the prize for the least miserable of the former Soviet Union countries in this sub-ranking.