theywokeupinthe morning.Some mornings, Rosamond and Dorothy would arrive at the schoolhousetofindthechildrenweepingfromthe cold.Inspring,thesnow wasreplacedby mud overice. In Wickenden?sbook,sheexpandedonthe historyoftheWestandalsoonfeminism,which ofcourseinfluencedthegirls?decisiontogoto Elkhead.A ha...
What the first Fed rate hike in more than a decade means for your portfolioRuss Koesterich
The FOMC doesn't choose the interest banks charge for credit cards, mortgages and other financial products. Instead, it dictates the rate at which they can charge each other for overnight loans of excess reserves, which is one of the most powerful tools the Fed has in guiding the U.S. e...
The Fed can lower the rate to stimulate the economy (as when they reduced it to near zero during and after the financial crisis in 2009), or raise the rate to rein in inflation (as they did in 2022). The assets on the balance sheet. This is a somewhat new weapon in the Fed’s...
Single-stock ETFs might perform well in the short term, but these risky funds aren't for long-term investors.
As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on the economy and what it means for consumers.
The Fed’s key interest rate has soared as high as 19-20 percent in the 1980s, when then-Fed Chair Paul Volcker was determined to defeat the worst inflation crisis in U.S. history. Meanwhile, twice throughout the Fed’s history, rates have fallen as low as a rock-bottom level of 0...
The Fed’s primary ability to influence the economy comes from its control of the interest rate on funds lent overnight between banks. But with that interest rate essentially at zero, nothing happens when the Fed tries to push that gas pedal down any further. ...
FOMC's decisions about the federal funds rate have far-reaching economic consequences, and they're one of the few major market indicators widely followed by the nonfinancial press. For instance, when the Federal Reservecut its influential fed funds rate by 50 basis pointsto a range of 4.75% ...
The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is considered the most significant downturn since theGreat Depressionin the 1930s. The term “Great Recession” applies to both the U.S. recession, of...