At long last, after four years, the Federal Reserve has finally cut the Fed Funds rate by 50 basis points on September 18, 2024, bringing the target range down to 4.75% – 5%. The Fed then cut by another 0.25% in November 2024. Expectations suggest we’ll see a total reduction of 10...
While the wage has risen 31.4% between March 2020 and July of this year, it's up 8.2% when adjusted for inflation, after falling in real terms in the four years leading up to the COVID-19 pandemic. "This shows that even though part of the increase in responde...
The same could happen after a federal funds rate increase. Even if it doesn’t, the important thing is to hold steady unless your broker says otherwise. Success in the stock market is measured over years, not days. The good news is that if the Fed lowers rates, stock prices tend to go...
At its latest meeting, the Federal Reserveannouncedanother 25 basis point interest rate increase and put to rest speculation about whether the storm brewing in the U.S. banking sector would cause the central bank to ease up on its monetary policy. The rate hike brings the federal funds rate ...
The “core” PCE price indexaccelerated to +0.16% (+3.1% annualized) in December from November, the worst increase since April 2024 (blue in the chart below). The six-month core PCE price index has been in the 2.3% annualized range...
Paul Volcker 1979–1987 +11.9% How much is the Fed Chair paid? According to the Office of Personnel Management, the Fed Chair makes a salary of $226,300 per year, and their reappointment is contingent on both Presidential and Congressional approval. ...
"I'm not prepared for that," Crespo said about buying a home. "I'm just trying to increase my salary however I can." Cassel advises creating an Excel spreadsheet to see if you can afford a significant purchase like a home or car before making a quick decision. And if you're...
“I’m just trying to increase my salary however I can.” Cassel advises creating an Excel spreadsheet to see if you can afford a significant purchase like a home or car before making a quick decision. And if you’re unsure, he said to visit a bank or a qualified lender ...
Putting three rate cuts in 2024 into the dot plot at the FOMC’s December meeting and letting markets assume six or seven rate cuts in 2024 and run wild with this rate-cut mania, has turned out to be a strategic blunder of colossal proportions by the Fed. ...
The main thing you must decide during a global recession is whether to work harder or enjoy life more. You might want to work harder to increase your chances of keeping your job. Or you might want to coast because the return on your effort is no longer there. I believe the latter is ...