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CD rates may have a little bit further to fall than I predicted in last week’s blog post.
On Tuesday, Market Rates Insight, a pricing consultant for banks, released a report projecting interest rate decreases this month on term deposits of 36, 48 and 60 months.
According to the report, the five-year CD yield will dip 6
The R-word is flying around again.
Last week, the Economic Cycle Research Institute, or ECRI, a business cycle forecasting firm, released an announcement stating “U.S. economy tipping into recession.”
From their news release:
Why should ECRI’s recession call be heeded? Perhaps because, as The Economist has noted, we’ve correctly called three recessions without any false alarms in-between. In
The chief investment officer at the California Public Employees’ Retirement System spoke to Bloomberg TV on Wednesday. Joe Dear, Calpers’ CIO, says meeting their target return this year will be tough.
Over the long-term, Dear said in the Bloomberg story, “Calpers chief says 7.75 percent return (is) tough to meet,” the returns of the largest public
I think the impact of Operation Twist is already reflected in CD rates. Here’s why, with some background for those just tuning into the ongoing central bank saga.
Richard W. Fisher, president of the Federal Reserve Bank of Dallas and voting member of the Federal Open Market Committee, spoke on Tuesday before the Dallas Assembly to
Though the second Greek bailout program engineered by the European Union and the International Monetary Fund is ongoing, an increasing number of reports point to the possible eventuality of a default.
Today, Friday, Germany’s finance minister said the second bailout package may need to be re-evaluated as debt inspectors found that the country is behind on
When the stock market resembles nothing so much as a sinking ship, the urge to flee can be strong.
Indeed, in recent weeks, people have been making their egress from stocks. The Investment Company Institute, or ICI, reports that equity mutual funds lost $1.99 billion in the week ending September 14.
For nervous investors, there may be
Deposits at banks have reached record proportions due to fears of a second recession.
Unfortunately, many big banks don’t want deposits, as the Los Angeles Times reported on September 17, in the story, “Bank deposits soar despite rock-bottom interest rates.”
Among the subtle hints that banks prefer you keep your money anywhere but in their vaults, the
Telling you how to invest and keeping your coffers filled in retirement may not be the most important services financial planners and investment advisers provide.
Instead, most financial advisers believe that the most valuable service they provide to clients close to retirement is an objective and unemotional point of view about the market, a recent survey
President Obama sent his jobs bill to Congress this week. Among the spending cuts and tax increases is a provision to cap the amount of tax-exempt interest a high income investor can earn from municipal bonds.
Interest from municipal bonds is generally free from federal income tax, as well as state and local taxes in some
Inheriting a CD can cost you money. Though an inheritance is not generally subject to federal income tax, the interest earned on an inherited CD is. To avoid that, you can close the account and withdraw the funds but the bank may charge an early withdrawal penalty in that case.
The Web site for the Kansas City
