Interest rates actually rise after Fed meeting
You may have expected mortgage rates to drop after the Federal Reserve announced a 50 basis point cut in the benchmark interest rate yesterday – but that didn’t happen. According to Zillow data, almost all mortgage rates have risen since…
What a Fed rate cut would mean for bank accounts, CDs, loans and credit cards
This is the economic turnaround we’ve been waiting for. The Federal Reserve is expected to start cutting interest rates on Wednesday. It took a long time to get to this point. After inflation peaked at 9.1% in June 2022, the…
Did Powell just add fuel to the fire of the stock market?
Investing.com – Jerome Powell’s recent speech at the Jackson Hole symposium has sparked a reaction in financial markets, with many analysts believing his dovish tone could lead to further gains in an already overheated stock market. The comments by the…
