Watch out: The FEC just invited more special interest influence on elections
During President Donald Trump’s election campaign recently invited An “external organization” asked them to “attend a ‘completely off-the-record, private’ and ‘invite-only’ meeting with campaign executives,” but many overlooked the significance of the invitation. Maybe. These outside organizations include super PACs like “Make America Great Again, Inc.” And politically active 501(c)(4) groups like Heritage Action and […]
The Housing Market Shows Interest Rates Are Too Low
The residential transmission line is not functioning. The idea that interest rates are not high enough is starting to take root at the Federal Reserve. Neel KashkariWith admirable transparency, our esteemed financial leader at the Minneapolis Fed once again picked up his digital pen and pointed out that: The economy is not working as expected […]
Klay Thompson, Orlando Magic Have ‘Mutual Interest’ In Joining Forces This Offseason: REPORT
Is Klay Thompson headed to the Sunshine State?! If Klay Thompson doesn’t stay with the Golden State Warriors this offseason, there’s reportedly another franchise who wants to scoop him up as an unrestricted free agent. And not just that, but there’s “mutual interest” between the two sides. (RELATED: Gilbert Arenas Spends A Stupid $120,000 Per […]
FX Daily: Falling volatility restores interest in carry trade – ING Think
This morning, retail statistics for Hungary were released, followed by industrial production and foreign trade statistics for the Czech Republic. Indeed, it’s been a busy data week for both countries, with the National Bank of Poland’s interest rate decision announced on Thursday (no change expected) and a key governor press conference scheduled for Friday. Also […]
More homebuyers are paying discount points as interest rates continue to rise
Buyers are turning to mortgage points to lower mortgage rates. (iStock) Mortgage points, a one-time fee paid at closing in exchange for a lower interest rate, are becoming increasingly popular as buyers look for ways to lower their interest rates. The Consumer Financial Protection Bureau (CFPB) found in a study that the number of homebuyers […]
US employers scaled back hiring in April. How that could let the Fed cut interest rates
WASHINGTON (AP) — Domestic employers pulled back on hiring in April but still added a sizable 175,000 jobs as continued high interest rates may begin to slow the robust U.S. job market. It shows that there is a gender. Friday’s government report showed job growth last month was down sharply from March’s massive gain of […]
Fed holds interest rates higher for even longer as inflation remains high
The Fed will not lower interest rates until a certain level of inflation reaches its target rate of 2%. (iStock) The Federal Reserve Board stated: Lack of inflationary developments Interest rates have fallen over the past few months, which is why they’re holding their own at this point. The central bank announced Wednesday that it […]
What do higher-for-longer interest rates mean for your money?
Alicia Levin, head of investment strategy at BNY Mellon Wealth Management, talks about “How to Make Money” and what it will take for the Fed to raise interest rates. The US Federal Reserve signaled at the end of its two-day meeting on Wednesday that interest rates will remain high for some time, ending the era […]
Federal Reserve Chair Jerome Powell says rate cuts ‘will take longer than previously expected’ after interest rate meeting
Federal Reserve Chairman Jerome Powell acknowledged Wednesday that the central bank is delaying plans to cut interest rates because inflation has plateaued well above the central bank’s target. The Federal Open Market Committee (FOMC), the central bank committee tasked with setting monetary policy, voted on Wednesday to keep the federal funds rate in the range […]
Private student loan interest rates fall for 10-year loans
Here at Credible Operations, Inc. (NMLS No. 1681276) (hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. The latest private student loan […]