The Bank of England cut its key bank rate to 0.25% as it tries to dampen a recession that economists had predicted following the vote by the U.K. to leave the European Union.
This week, Japan’s cabinet approved a stimulus package with new spending of $73 billion made up, in part, of helicopter money.
The central bank votes thumbs-down to an increase in interest rates, kicking the can down the road to at least September.
Next week, the Federal Open Market Committee meets to decide on the direction of monetary policy. Currently, the fed funds rate sits at 0.25% to 0.5%.
The May jobs report gave the Federal Reserve’s rate-setting panel a jolt that set off worries about the health of the job market.
Members of the Federal Open Market Committee at its April meeting saw conditions in the labor market improve, even as the economy appeared to have slowed.
If you’re worried about how inflation could eat into your savings during retirement, you’re not alone.
Investors face 2 major r risks: risk to principal and risk to purchasing power. Savers are more concerned about one, and investors are more concerned about the other.
The lack of a cost-of-living increase for Social Security recipients in 2016 also means that the majority of Medicare beneficiaries will not have an increase in the Medicare Part B premiums this year.
Treasury Inflation Protected Securities (TIPS) are finding a bid in the marketplace after being ignored during a period of low inflation.