We’re still on track for two more rate hikes this year, which means interest rates on credit cards and home equity lines of credit are set to rise.
Policymakers at the Federal Reserve have opted to keep interest rates frozen.
Investing isn’t gambling. Yet, investors overweight investments they think will outperform the market over time with the hope of beating a benchmark.
The Labor Department’s September jobs report shows weaker-than-expected hiring.
With the Fed not raising its targeted federal funds rate on Wednesday, investors in certificates of deposit will have to wait on the prospect of higher short-term interest rates.
The Fed is likely to modify the phrasing of its policy statement to signal that an increase in the targeted federal funds rate is not a “considerable time” off in the future.
Fed Chair Yellen discusses weakness remaining in the job market and how it affects interest rates.
The Fed finds that the winter thaw has helped the economy rebound from cold-weather slowdowns.
The Labor Department says 175,000 jobs were added last month, while the unemployment rate rose.
The Beige Book reports moderate economic growth across the country. That’s actually an improvement from the modest growth reported previously.