Steps to take advantage of the new car loan interest deduction for your 2025 taxes
Ed Yardeni, president of Yardeni Research, discusses the future of tax refunds and the concept of “making money.” This tax season, a new tax reduction is available for individuals taking out auto loans on specific vehicles. Last year, Republicans pushed the One Big Beautiful Bill Act (OBBBA) through Congress using the reconciliation process, and the […]
This tax season introduces a new deduction for interest paid on car loans.
This tax season introduces a new deduction that might catch some people’s attention. Starting in 2025, those purchasing a new car could deduct the interest on their auto loans in certain situations. It’s, um, interesting for many buyers, I think. The creation of this credit comes from the One Big Beautiful Bill Act, which also […]
Federal Reserve keeps interest rates unchanged for the second consecutive meeting
Federal Reserve Keeps Interest Rates Steady Amid Economic Uncertainty On Wednesday, Federal Reserve Chairman Jerome Powell announced that interest rates would remain unchanged for the second consecutive meeting. This decision follows three rate cuts in the latter half of 2025. The current benchmark interest rate is set between 3.5% and 3.75%, influenced by ongoing conflicts […]
Federal Reserve anticipates just one interest rate reduction in 2026 due to economic uncertainty
Federal Reserve Maintains Interest Rates Amid Economic Uncertainty The Federal Reserve has decided to keep interest rates steady, a move elicited by rising uncertainties around the impacts of the ongoing Iran conflict on the economy and its implications for monetary policy. This decision raises questions about the likelihood of rate cuts later in the year. […]
Central Bank decides on interest rates — and Trump will be unhappy with it
Federal Reserve Decides on Interest Rates The U.S. Federal Reserve has made a decision regarding interest rates, and it seems President Donald Trump might not be pleased with it. The governors opted to maintain overnight bank rates at their current levels, which sit between 3.5% to 3.75%. This decision came despite calls to lower rates. […]
Central Bank Keeps Interest Rates Unchanged
The US Federal Reserve (Fed) opted to maintain its short-term interest rate target during a recent meeting. The decision to keep the benchmark federal funds rate steady at 3.5% to 3.75% was made with an 11-1 vote. Notably, Fed Director Steven Milan, who stepped in last year for an unanticipated vacancy, was the sole dissenting […]
March FOMC: Fed maintains current interest rates
Federal Reserve Decides to Maintain Interest Rates The Federal Reserve announced that it will keep interest rates steady, a decision made during their latest Federal Open Market Committee (FOMC) meeting. This announcement comes amidst a declining labor market and rising uncertainty linked to the ongoing situation in Iran. The Fed has decided to maintain the […]
US Dollar Index remains stable above 99.50 as traders prepare for Fed interest rate decision
US Dollar Index Update The US Dollar Index (DXY), which gauges the value of the US dollar (USD) against six major global currencies, is hovering around 99.60 as Asian markets opened on Wednesday. This steadiness comes as traders hold their breath, waiting for the Federal Reserve’s decision on interest rates later today. Compounding the situation, […]
Trump seeks lower interest rates from the Fed, but his conflict with Iran is creating obstacles.
Amid ongoing tensions with Iran, President Donald Trump is increasingly vocal about his desire for the Federal Reserve to lower interest rates. If there was ever a critical moment for such cuts, it would likely be in the wake of the current conflicts, which have pushed oil prices up and reignited inflation fears, complicating the […]
Stock futures remain steady as traders anticipate the Federal Reserve’s interest rate decision: Live updates
Market Update Traders on the New York Stock Exchange kept a close eye on developments as stock futures hovered near stability on Tuesday evening, with anticipation building around the Federal Reserve’s upcoming interest rate decision. Futures for the Dow Jones Industrial Average slipped by 39 points, or 0.08%. S&P 500 futures saw a slight decline […]