The prospect of a drop in the pace of inflation has recently boosted hopes that the Federal Reserve will soon stop increasing interest rates.
Category: Interest Rates
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Biden Picks Lael Brainard to Lead National Economic Council
Lael Brainard, the Fed’s vice chair, will become a top economic adviser along with Jared Bernstein, who will head the Council of Economic Advisers.
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Inflation cooled annually, but the details are more worrying.
Consumer Price Index inflation has been slowing compared with a year ago, but the monthly figure picked back up in January.
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When It’s Easy to Be a Landlord, No One Wants to Sell
Locked in at historically low interest rates. Platforms that make managing rentals a breeze. Homeowners have little incentive to put a house on the market.
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Real Interest Rates Are Moving Up, but Don’t Celebrate Yet
While markets are predicting that inflation will fall further, savings rates still aren’t keeping up with the prices we’re paying.
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U.K. Economy Sputters and Barely Avoids a Recession
Economic growth was unchanged in the fourth quarter, and slow expansion is expected in the years ahead.
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As Biden Prepares to Tout Economy, Fed Chair Powell Takes a Cautious Tone
The White House has embraced signs that the economy is strong. For the Fed, that strength could prolong its fight against inflation.
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For More Certainty in Your Retirement Portfolio, Consider Annuities
Higher interest rates made annuities more attractive in 2022. Better quality products are increasingly available, but consumers still need to read the fine print.
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Strong hiring hints at more work ahead for the Fed, but wages cool.
The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.
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U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
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U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
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Is It Time for a High-Yield Savings Account? What to Know About Rates.
Some online banks offer yields of 3.3 percent or more, but savers may be reluctant to open one because they think it will be a hassle.