Federal employees under the General Schedule (GS) get an annual pay raise most years. Articles in this section are an important resource for federal employees to stay informed about their pay and any potential changes that may affect their salaries. Thes
Financial markets are pricing in a rate as high as 3.6% by mid-2023, which would be the highest in 15 years. Shrinking the Fed’s balance sheet will add another layer of uncertainty surrounding how much the Fed’s actions may weaken the economy. Complicating the Fed’s task is a slowdow...
Financial markets are pricing in a rate as high as 3.6% by mid-2023, which would be the highest in 15 years. Shrinking the Fed’s balance sheet will add another layer of uncertainty surrounding how much the Fed’s actions may weaken the economy. Complicating the Fed’s task is a slowdow...
Financial markets are pricing in a rate as high as 3.6% by mid-2023, which would be the highest in 15 years. Shrinking the Fed’s balance sheet will add another layer of uncertainty surrounding how much the Fed’s actions may weaken the economy. Complicating the Fed’s task is a slowdow...
The current sentiment among many, including me, is that our national debt will hit $35 trillion in 2023/'24. If interest rates hit six or even eight percent, which is likely, the annual interest payments alone needed to service our national debt would exceed most, if not all, of our ...
Target Federal Funds Rate for 2023 DateFed Funds RateEvent Feb. 14.75%Fed still aiming to bring inflation to 2% March 225%Regional banking crisis May 35.25%Economic growth continues but slows June 145.25%Annual inflation hits lowest level in two years ...
Feb. 1, 2023Raise +25 bps4.50%–4.75% Dec. 14, 2022Raise +25 bps4.25%–4.50% Source: Federal Reserve Board Did the Fed Raise Interest Rates in July 2024? No, the Fed once again held interest rates steady at 5.25%-5.50% during its July, 2024 FOMC meeting.12Rates have been steady ...
TheFederal Reserve'sdecisions about the federal funds rate have a direct impact on the interest that banks and credit unions are willing to pay for savings, money market, andcertificate of deposit (CD)accounts. When banks and credit unions expect the Fed to raise the fed funds rate, many w...
7:00 p.m. 20:52:45, March 22, 2023 Stock futures hold steady as investors nervously await the Fed's decision Stocks: US stock futures were slightly lower Wednesday ahead of a critical Fed decision: Will it raise rates to continue to fight inflation or keep rates steady to ease up on...
it said it would only raise interest rates if the economy is at full employment with inflation at 2 per cent and on track to exceed that level for some time. Nevertheless, while seven out of 18 FOMC members predicted in March a first interest rate increase in 2023, 13 did so on Wednesd...