2 Fed Officials Highlight Deep Divisions Within the Central Bank
Vice Chair Clarida: "The Fed has a long tradition of candid, frank discussion about the economy."
Vice Chair Clarida: "The Fed has a long tradition of candid, frank discussion about the economy."
by Eugene Townes | Sep 20, 2019 | Personal Finance
The U.S. ranked 18th of the 44 countries for retirement security, according to a new annual report.
by News Team | Sep 19, 2019 | Personal Finance
The central bank on Wednesday reduced its key rate by a quarter-point to a range of 1.75% to 2%.
The central bank's policymaking board is hardly unanimous in its view of the need to ease credit.
by Eugene Townes | Aug 22, 2019 | Economy
Kansas City Fed President Esther George thought the interest rate cut was unnecessary as well.
Few analysts think reducing interest rates further would do much to revive the economy's weaknesses.
by Eugene Townes | Aug 20, 2019 | Economy
Bass doesn't see a new deal between the United States and China happening any time soon, either.
Six months ago an average bank was willing to pay 2.24% for a five-year CD. That's declined to 2.16%.
Interest rate cuts can lower the dollar's value against other currencies, but other factors are also at play.
It's the first rate cut since December 2008 during the depths of the Great Recession.
Our experts do the work to make investing safe and profitable for you. Sign up for FREE access to our Money & Markets Daily daily emails and take control of the Markets!
Enter your username and password below