WCCO-TV's Jonah Kaplan talks with the Federal Reserve Minneapolis about why the central bank is raising interest rates and how that will affect Americans' bank accounts.
Republicans focused on the conditions that would warrant lower rates and encouraged Powell to not move until inflation was beaten; Democrats tried to draw him out on issues like proposals by a Republican-aligned group, called Project 2025, to overhaul and potentially weaken the Fed,...
which showed a sharp drop in the unemployment rate to a healthy 3.9%, and an unexpected wage increase, has helped fan those concerns. While lower unemployment and higher pay benefit workers, those trends can potentially fuel rising prices ...
The business opportunity in banks as interest rates rose was moving money from low-yield savings into higher-interest, rate-timed accounts, like certificates of deposit. Lower interest rates mean that activity will subside, but mortgage lending and business borrow...
federal reserve bank of new york president john williams said wednesday that inflation is still at problematic levels and the u.s. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “inflation is ...
The Federal Reserve opted for a rate cut last month, and more cuts could be on the horizon as we head toward 2025. So far, the move has led to lowerrates on home equity products— particularlyhome equity lines of credit (HELOCs). In fact, the average rate on a HELOC has drop...
As we step into 2025, the year of the Yin Wood Snake marks the return of the fire cycle, a long-awaited shift after years dominated by the water element. Since the Earth Dog year in 2018, when the fire element entered its “grave,” the world has witnessed economic setbacks, uncertainty...
. . this is going to continue for most of the year. Again, we don’t know what the news is. It could be a rush for safety. It could be a recession. It could be deflation. . . . I think we will have a deflationary crisis, and that’s why interest rates will go much lower....
Nenner is predicting interest rates “are going down” and not up in the foreseeable future. Nenner is also calling for the stock market to go on a “downward slide through the year 2020.” Nenner says, “I can’t explain it, but the cycle topped, and the cycle is down until 2021.”...
But even if the feds eventually renege on that promise — as some Republican legislators say they fear in justifying their opposition to the governor's proposal — the study maintains the state still would be ahead of the game if it expanded Medicaid eligibili- ty but kept a cap on the ...