Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
Category: Interest Rates
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How to Pay Off Credit Card Debt
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.
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Solid Labor Market Gives Fed Cover to Extend Rate Pause
The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.
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Bank of England Cuts Interest Rates as British Economy Weakens
The central bank cut rates for the third time in about six months as it said growth had been weaker than expected.
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Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
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Fed Official Pushes Back on Pre-emptive Policy Moves
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said the central bank needed to assess the “scope, magnitude and timing” of President Trump’s policies.
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Why Banks May Be Hoping You’re Not Paying Attention
They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and illegal?
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You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund
The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.
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Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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High Inflation and New Tariffs Will Make the Fed’s Job Tougher
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
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Federal Debt Is Now Worrying Even Progressives
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.
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European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.