Overnight, Federal Reserve Chairman Powell “crushed” the March interest rate cut expectations. The market quickly adjusted its judgment on the future interest rate path. More than 95% of investors expected the Federal Reserve to cut interest rates starting in May. Among them, 33% of investors ...
After the global financial crisis, interest rates went down even lower. I was working on the asset allocation team and we kept on thinking that interest rates were going to come up again, and they weren’t coming up. I initially belonged to that school that thought that inflation...
some Fed officials suggested the Fed increased interest rates too much in 2015-2018, slowing the recovery from the global financial crisis.4The Fed's failure to hit its 2% inflation target in those years informed its decision in 2020 to target average inflation over time, and may have led po...
So each time the Fed changes the interest rates banks charge each other, even if it’s just a little bit, it has a massive ripple effect on the rest of the economy. That’s why the committee has to take current economic conditions into account. And those affect whether they raise or l...
But you can’t always count on lower mortgage rates in the future, and if you can’t handle the larger payment amount, beware! With home prices on the up and up, the idea is that you can eventually gain considerable ownership in your home without ever paying any money toward the princip...
That's certainly true. And those rates you mentioned seem far off in the distant past. But, I remember when I was a young man in the late 1950s and 1960s, you would get 4% interest on a government bond. Of course, rates moved up from there, going into the inflation of the ...
I have been questioning the Home Office on What Do they Know since Jan 2013. I have submitted over 50 FOI request, to which they have responded to the last lot as “Vexatious” despite being VERY VALID. Their reason being “it relates to my wifes case”… ...
I've referred to myself as an amateur astronomer since 1966, when I was 11 years old. Been active pretty consistently all those years, except for some time in the '70s and '80s when I was a professional musician and the late night lifestyle associated with that interfered somewhat. To ...
war and soaring oil prices became institutionalized we moved on. Interest rates slowly dropped and the budget came under control. In recent years spending has again started to grow and at the same time taxes have been cut. This has slowly occurred over years and been ingrained in the system....
In two years since March 2022, when the rate hikes began, large time-deposits surged by nearly $1 trillion, or by 69%. The Fed’s interest rate repression during the Financial Crisis caused banks to slash the interest rates on CDs to near-0%. The cashfl...