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Tag: Rate

Fed interest rate cuts won’t help your credit card debt

Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” Wall Street and Main Street are poised to usher in the fall with the first interest rate cut since March 2020, when the COVID-19 pandemic began, raising hopes of lower borrowing […]

Dow hits record close again as inflation data raises hopes of Fed rate cut

Wall Street closed higher on Friday, with the Dow Jones Industrial Average surging more than 200 points to close at another record high, as the latest U.S. economic data stoked hopes that the Federal Reserve will deliver a small interest rate cut in September. The Dow Jones Industrial Average rose 0.6% to 41,563.08 after hitting […]

Cash in money market accounts at record level as rate cuts loom

KB Advisory Group founder Christine Benz breaks down the disconnect between Main Street and Wall Street on “Making Money.” The amount of cash held by investors Money Market Accounts It hit a record high in August, even as looming interest rate cuts reduce returns. Money market account assets hit $6.24 trillion this month, according to […]

Inflation holds steady as Fed nears rate cuts

Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]

Belichick says Mass. tax rate makes negotiations harder

Legendary NFL head coach Bill Belichick commented that nearly every NFL player who joins the New England Patriots is subject to a “wealth tax” that significantly reduces their income. The eight-time Super Bowl-winning coach was discussing the factors that influence a notable NFL player's decision on which team to play for — specifically, Dallas Cowboys […]

Our data has never been so vulnerable, as cyberattacks increase at an alarming rate

When the Internet first appeared, it promised freedom from the chains of tyranny. It was supposed to empower us in ways never before imagined, connect us, and protect our individuality. But instead of fulfilling that promise, the Internet has slowly eroded the very freedoms it was supposed to protect. Today, the Internet has not only […]

The Market Goes Manic for Rate Cuts

The market is outpacing the Fed A high school track coach once told me that the secret to winning a sprint is to find the fastest kid on the track and then pass him. That seems to be the investor's strategy. The Federal Reserve: Leading the Way and Staying Leading. The Federal Funds futures market […]