Business News
The Fed Just Cut Interest Rates. What This Means for Your Wallet.
It's the third cut this year, but officials are split over whether they've gone too far or not far enough.
Federal Reserve
Business News
The Fed Kept Rates Unchanged, But an Industry Veteran Says ‘Mortgage Rates Will Drop.’ Here’s Why.
Federal Reserve Chair Jerome Powell said the Fed was taking a "wait and see" approach.
By Sherin Shibu
Business News
The Fed’s Decision to Keep Rates Steady Is ‘Unsurprising,’ According to a JPMorgan Expert. Here’s Why.
Federal Reserve Chair Jerome Powell said that the Fed wasn't in any rush to make rate adjustments.
By Sherin Shibu
Business News
‘No One Is Paying What They Used to’: Job Hopping Isn’t As Lucrative As It Used to Be, According to New Data
The data shows that switching jobs yields only slightly more salary growth than staying put.
By Sherin Shibu
Business News
Inflation Unexpectedly Rose in January. Here’s What That Means for Rate Cuts.
The U.S. Bureau of Labor Statistics released its January Consumer Price Index on Wednesday.
By Sherin Shibu
Business News
The Fed Just Cut Rates for the Third Time This Year. Here’s How It Will Affect Mortgage Rates, According to a 40-Year Veteran of the Real Estate Industry
The target range for the federal funds rate is now 4.25% to 4.5%.
By Sherin Shibu
Business News
Here’s What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts
Most experts agree that there will be another rate cut next week.
By Sherin Shibu
Business News
‘I Have a Better Instinct’: Donald Trump Says He Doesn’t ‘See’ Replacing Federal Reserve Chair Jerome Powell
Powell's term ends in May 2026.
By Sherin Shibu
Business News
The November Jobs Report Had Some Unexpected Surprises. Here’s How It Will Affect Rate Cuts, According to an EY Senior Economist.
Economists predicted that 214,000 new jobs would be created in November.
By Sherin Shibu
Business News
‘Confidence and Commitment’ or ‘Old Demons?’ Experts Are Divided Over the Fed’s Decision to Cut Interest Rates
EY's chief economist and JP Morgan Wealth Management's head of investment strategy weighed in on the decision.
By Sherin Shibu
Business News
A Fed Rate Cut Finally Happened For the First Time in 4 Years. Here’s How the Decision Will Affect Your Wallet.
The Federal Reserve gave its decision on Wednesday at 2 p.m. ET.
By Sherin Shibu
Business News
The August Jobs Report Didn’t Live Up to Expectations — Here’s What It Means For Interest Rates
Economists expected U.S. employers to add about 20,000 more jobs in August than reported.
By Sherin Shibu
Business News
U.S. Recession Fears Are ‘Overstated,’ According to EY’s Chief Economist. Here’s Why.
EY economists expect three rate cuts, each of at least 25 basis points (bps) or 0.25%, in September, November, and December, during the three remaining scheduled meetings of the year.
By Sherin Shibu
Business News
‘Stage Is Set:’ EY Senior Economist Expects Three Rate Cuts Before the End of the Year
Inflation hit a three-year low last month.
By Sherin Shibu
Business News
CPI Report: Inflation Hits 3-Year Low, Analysts Predict Fed Will Cut Rates Next Month
Wednesday's CPI report tracks inflation to its lowest point since early 2021.
By Sherin Shibu
Business News
Elon Musk Calls the Fed ‘Foolish,’ Says Agency ‘Needs’ to Lower Interest Rates
On Monday, the U.S. stock market plummeted after a global selloff and fears of a recession.
By Emily Rella
Business News
Federal Reserve Holds Interest Rates, Projects One Cut Before End of Year: ‘Highly Attentive to Inflation Risks’
The news follows Wednesday morning's release of the latest CPI report.
By Sherin Shibu
Business Accounting
4 Things to Know About Credit Financing Your Business Following the ‘Fed Pivot’
With cheap money behind us, you'll want to rethink how you finance your business
Thought Leaders
Interest Rates Are Going to Drop This Year. Here Are 6 Ways Businesses Can Take Advantage When the Time Comes.
Opportunity is around the corner, so here's how you can make sure you're watching the right rates.
Business News
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.
Business News
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.
Business News
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.
Business News
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...
Business Ideas
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.
Business News
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.
By Emily Rella
Business News
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.
Business Accounting
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.