Personal Finance Advice and Commentary

Thursday, April 04, 2013 4:33 pm
By Sheyna Steiner · Bankrate.com

The European Central Bank left rates at 0.75 percent but prodded countries to get their fiscal houses in order.

Monday, January 09, 2012 3:51 pm
By Claes Bell · Bankrate.com

A credit freeze in Europe may mean higher CD rates for U.S. savers, according to a new report by Dan Geller of Market Rates Insight. Geller argues that borrowing costs in the European Union could rise significantly, pushing the London Interbank Offered Rate, the primary benchmark for short-term lending rates in Europe, higher. That, in

Thursday, December 22, 2011 10:37 am
By Greg McBride, CFA · Bankrate.com

In my weekly appearance with Gary Goldberg’s “Money Matters” radio program, we discussed Bankrate’s December Financial Security Index and related economic trends. Here’s a partial transcript of my comments: In December, we actually saw a nice uptick in consumers’ financial security. We’re ending the year on a higher note than we’ve seen in the past

Tuesday, December 13, 2011 2:30 pm
By Claes Bell · Bankrate.com

Call it Fed fatigue. After three years of aggressive monetary easing and unprecedented action to prop up the financial system, the U.S. economy is beginning to show some scattered signs of improvement, and the Federal Reserve decided to take it easy, at least for this meeting. “Monetary policy has its limits, and the Fed may

Tuesday, December 13, 2011 2:10 pm
By Claes Bell · Bankrate.com

Today the Federal Open Market Committee, or FOMC, came together for a quiet meeting, leaving the key federal funds rate unchanged at near-zero percent, as expected through mid-2013. The federal funds rate is the rate at which banks lend to each other. The FOMC’s statement reflected cautious optimism about the U.S. economy in the wake

Thursday, October 20, 2011 11:33 am
By Sheyna Steiner · Bankrate.com

U.S. prime money market funds reduced investments in European banks by 14 percent between August and September, the Wall Street Journal reported today in the story, “Money Funds Shun European Banks.” That data comes from a report from Fitch Ratings released today. According to the press release from Fitch, European bank holdings make up 37.7