On Friday, the equivalent of 15 percent of the world’s supply of mined gold was dumped.
The Federal Open Market Committee met on Jan. 29 and 30 and decided to continue purchasing $40 billion of agency mortgage-backed securities per month and $45 billion of longer-term Treasuries per month.
Savers who only use CDs and savings vehicles may lose purchasing power due to inflation. But there are ways to make sure your dollar is always worth a dollar.
This week’s economic data lineup is compressed, because of the President’s Day holiday. The early focus will be on the housing market. Later, inflation.
The opposite side of today’s low CD rate coin can be found in the ’80s when interest rates were high — on everything.
Picking the best savings vehicle for your situation requires looking at all manner of threats to your money. Some are transparent while others are hidden. For instance, buying a certificate of deposit guarantees that a saver will earn a stated interest rate over a known period of time. On the surface, the trade-off involves locking
While I bonds with a zero percent base rate aren’t exactly amazing, they do one thing many CDs can’t right now: keep up with inflation.
In the land of negative real returns, zero is king.
CD yields are setting records in Bankrate’s weekly survey, and not the good kind.
Food inflation sort of sounds like a good thing! Your food magically expands, and world hunger problems are a thing of the past. Well, that’s wrong.