Federal Reserve System

Personal Finance

Here’s what the Federal Reserve’s third 75 basis point interest rate hike means for you

What the federal funds rate means to you The federal funds rate, which is set by the U.S. central bank,…

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Enterprenuers

Layoffs loom on the horizon, some economists say

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on…

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Enterprenuers

Stressed about credit card debt? Take these steps to help trim high-interest account balances

london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a…

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Business

Fed’s real-time payment system coming as early as May ’23

NEW YORK — The Federal Reserve’s new real-time payments system known as FedNow is expected to go live as early…

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Business

How major US stock indexes fared Friday 8/26/2022

Stocks ended sharply lower after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease…

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Personal Finance

72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment

A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the…

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Personal Finance

Consumer watchdog signals ‘a closer look’ at record-high credit card rates as balances jump

Credit cards are one of the easiest and most common ways to borrow money — but also one of the…

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Business

What this ‘play the recovery’ strategy says about the hot bond market’s future

A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond…

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Personal Finance

The job market is still hot — for now

A storefront in Montebello, California on Dec. 9, 2021. Frederic J. Brown | Afp | Getty Images Workers continue to…

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Business

Biden plots inflation fight with Fed chair as nation worries

WASHINGTON — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal…

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