Cash News Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, savings interest rates rose sharply. However, in September, the Fed decided to cut its benchmark rate and deposit rates have begun falling as a result. Still, it’s possible to find high-yield savings accounts paying 4-5% […]
Cash News Mortgage rates have spiked today. According to Zillow, the 30-year fixed mortgage rate has increased by 10 basis points to 6.64%, the 15-year fixed rate is up by 10 basis points to 5.98%, and the 5/1 ARM rate has risen by 29 basis points to 7.27%. If you’re in no rush to buy, […]
Cash News Today’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate in September, which means savings account rates are beginning to fall. The good news is that many high-yield savings […]
Cash News Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate this month, so now could be your last chance to lock in a competitive rate. CD rates […]
Cash News Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money […]
America’s president-elect wants to reshape trade, capital and labour flows Source link
Rich countries need not reinvent the wheel Source link
One thing nobody thinks of Donald Trump’s return to the White House is that it will herald four years of quiet, predictable government. Here, then, is a puzzle for readers interested in the more abstract bits of finance. Why was Mr Trump’s re-election greeted by resounding drops in volatility all across the world’s most important […]
WHEN JIMMY Carter, the Democratic candidate for American president in 1976, wanted to criticise the record of the incumbent Gerald Ford, he reached for a number invented by the economist Arthur Okun. A rough-and-ready indicator of the state of the economy, what Okun called the economic discomfort index added together the unemployment rate with the […]
TO HEAR DONALD Trump’s transition team describe it, everyone wants to work for him. Howard Lutnick, the boss of Cantor Fitzgerald, an investment firm, and a co-head of the recruitment crew, has bragged that he is in touch with “the top 150 businesspeople across the United States of America”. A vast array of names have […]