U.S. President Donald Trump's policies to reshape the U.S. and its economy are so drastic that the Federal Reserve is taking note.
How much interest you can earn, however, depends on where savings rates currently stand.
Investors now price in three 0.25-percentage-points cuts by year’s end as the most likely scenario, which would send the target federal funds rate down from 4.25% to 4.5% to 3.5% to 3.75%, according to CME Group’s FedWatch Tool, which tracks derivatives contracts betting on Federal Reserve policy.
Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced cap legislation last month. Ocasio-Cortez has been involved with similar legislation in the past, including a 2019 bill to cap interest rates at 15%.
If you're a homeowner looking for lower-cost borrowing options, you may consider a home equity loan or HELOC today.
Investors’ increasingly gloomy sentiment about economic growth appears to be driving down the 10-year Treasury yield.
The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread "uncertainty" stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York.
The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada's largest trading partner lasts.
Total mortgage application volume jumped 20.4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
When the Reserve Bank cut the official cash rate last month, lenders reacted quickly, letting customers know home loan rates were dropping. But they've been slower to explain how the changes will affect savings rates.
U.S. President Donald Trump's policies to reshape the U.S. and its economy are so drastic that the Federal Reserve is taking note.