Federal Reserve
Millionaires Are Now the Norm for American Households, According to Latest Federal Reserve Survey
The average net worth of homeowners stood at $1.53 million in 2022.
Fed Raises Interest Rates to Highest Levels in 22 Years. How High Will Rates Go?
This is the 11th rate increase since March 2022, reflecting the Fed's efforts to control inflation.
Federal Reserve's New Program Will Make Sending Money Faster and Easier Than Ever Before
FedNow aims to modernize the country's payment system, reducing delays in cash transfers and providing real-time settlement in central bank accounts.
What To Expect From The Next Fed Meeting
The FOMC is slated to hike rates next week and it may surprise the market. Between then and now is the PCE Price Index which may sway the outlook and...
Small Businesses Are Facing Higher Costs and Interest Rates. Here Are 6 Steps to Stave Off a Crisis.
For many proprietors, variable-rate small-business loans are a common part of business. Yet, their borrowing costs are set to skyrocket to double digits this year due to Fed rate hikes. Small and medium-sized business owners can't fight the Fed, but there are a few other things they can do to save — and even grow — their businesses.
Elon Musks Weighs in on Fed's Crucial Decision to Raise Interest Rates
The U.S. Federal Open Market Committee announced that it would be raising baseline interest rates on Wednesday afternoon.
Don't Miss Out: $2 Trillion Could be Headed to the Banking Sector
Up to $2 trillion in liquidity could flow to banks in the financial services sector. Here's how you can position your portfolio.
4 Ways to Deal With High Interest Rates in Every Part of Your Business
With higher borrowing costs across the economy, it's time for businesses to get creative with spending and investing.
Federal Economists Warn a Recession Is 'Plausible' in 2023
During the Fed's February meeting, economists cautioned that stocks and real estate prices could fall this year and inflation could persist into 2024.
Americans 'Reluctant' to Spend Big, New Fed Report Reveals — Here's What It Means
Still, the average U.S. household owes more than $17,000 in credit card debt, per NerdWallet.
How the Feds Could Regulate Crypto (and Why All Is Not Lost for Investors)
Threats of impending cryptocurrency regulation have dominated headlines in recent months, but all is not lost for crypto investors. Here are a few protections that stand in the way of a federal crypto showdown.
Former Fed Chair Alan Greenspan: US Economic Recession 'Likely'
Greenspan believes a recession is likely thanks to the Fed's aggressive rate hikes intended to fight inflation.
Jerome Powell Says the Housing Market Correction 'Reset' Is Already Underway
Reporters pressed Fed chair Jerome Powell to clarify what he meant by the term.
The Fed Raised Interest Rates Again. Here's What That Means for Your Wallet.
The news was somewhat anticipated after last week's less-than-positive inflation update.
Mortgage Rates Are Above 6 Percent For The First Time Since 2008
As the Fed attempts to tame rampant inflation, mortgage rates hit new highs.