The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, credit cards and much more, our columnist says.
Category: Interest Rates
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Hot Inflation Raises Stakes of Trump’s Tariffs
Economists warn that enacting tariffs at a time of persisting price pressures is a risky move.
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Britain’s Economy Squeezes Out 0.1% Growth
The unexpected increase eases pressure on the government, which has been trying to spur investment and development.
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CPI Report: Inflation Rose Unexpectedly in January
The Consumer Price Index rose 3.0 percent from a year earlier as food and energy prices picked up.
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Fed Chair Faces Lawmakers at a Critical Juncture
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.
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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.