Personal Finance Advice and Commentary

Friday, August 22, 2014 2:30 pm
By Mark Hamrick ·

Federal Reserve Chair Janet Yellen’s 3,600-word speech at an economic symposium in Jackson Hole, Wyoming, today set the stage for shifting gears in monetary policy in the months ahead. The pivot would come after years of keeping interest rates at record-low levels. Trillions of dollars in asset purchases are expected to end in October. Yellen

Friday, March 07, 2014 9:38 am
By Sheyna Steiner ·

CD rates are still at historical lows all over the country, but some cities enjoy higher rates than others.

Wednesday, July 17, 2013 5:48 pm
By Claes Bell ·

It may not be a “recovery summer” but the Federal Reserve’s Beige Book shows broad but measured growth across many industries and areas of the country.

Wednesday, February 06, 2013 4:36 pm
By Sheyna Steiner ·

The opposite side of today’s low CD rate coin can be found in the ’80s when interest rates were high — on everything.

Wednesday, January 30, 2013 3:40 pm
By Mark Hamrick ·

The Fed sticks with a target for the benchmark rate of between zero percent and 0.25 percent. That’s nice for borrowers but not for savers.

Wednesday, January 30, 2013 2:18 pm
By Mark Hamrick ·

The Federal Reserve says it will keep the federal funds rate near zero percent until joblessness drops.

Thursday, November 15, 2012 5:02 pm
By Sheyna Steiner ·

According to the minutes from the October meeting, the FOMC discussed how to effectively communicate the path of interest rates and additional asset purchases.

Thursday, September 13, 2012 1:56 pm
By Sheyna Steiner ·

The Federal Reserve is ready to rescue the economy with another large-scale asset purchase program.

Wednesday, August 01, 2012 2:14 pm
By Sheyna Steiner ·

No changes to monetary policy or interest rates came out of this week’s meeting of the Federal Reserve’s rate-setting committee.

Wednesday, April 25, 2012 5:00 pm
By Sheyna Steiner ·

At the Fed’s FOMC press conference Wednesday, Fed Chairman Ben Bernanke discussed …

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