On Wednesday the Fed said it is not going to raise its key interest rate as expected. They also cut forecasted U.S. economic growth and inflation, and significantly lowered its estimate for the number of rate hikes in 2016. The Fed’s committee, led by Chair Janet Yellen, estimated back in…
Things have changed since the Federal Reserve last hiked interest rates in June 2006. Recently, Interest rates have been near record lows for a while, but just like social media changes weekly, that landscape is changing. Fed Chair Janet Yellen told Congress back in November that a December interest rate hike…
The idea of the Fed hiking interest rates in December has pushed the dollar higher, and it is now looking like the euro reaching parity with the greenback is all but guaranteed. Many strategists however disagree on just how quickly that will happen and how much more the dollar can appreciate…
Are you looking to take the plunge into investing? There are some great new tools out right now to help you start off and get your feet wet. Although most basic investment accounts today have minimum requirements that are generally at least $500 that doesn’t have to stop you. There is a…
Have you gotten one of the new EMV-Chip cards? There have been a recent slew of scammer driven programs that are trying to get information from innocent people just trying to update their cards. Thieves are sending out emails pretending they are your bank or a service hired by your…
Inflation that is rampant is nothing new to the Venezuelan economy. However in a sign of just how severe the situation has grown for some people there, food prices spiked by 22.2% in August from the previous month, according to new research on the country. The inflation figure we see…
Much of the talk around Deflation these days is centered on the euro zone and parts of other emerging markets. However the bigger picture show the U.S. is dancing on the brink itself. It it wasn’t for a comparatively high inflation rate in the Western quadrant the truth is the U.S….
WASHINGTON (AP) It’s the only the third time in 40 years that millions of Social Security recipients which includes disabled veterans and federal retirees can expect to see no increase in benefits next year. This is really unwelcome news for more than one-fifth of the nation’s population. Why is this happening? They…