Factors to consider before refinancing a loan, according to experts
Moyo Studio | E+ | The Federal Reserve announced a half-percentage point, or 50 basis points, rate cut at the end of its two-day meeting on Wednesday. And of course, some Americans will want to make the most of the…
The Federal Reserve is finally cutting interest rates. What consumers should know
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from a 23-year high, affecting consumer and business debt, savings, auto loans, mortgages and other forms of credit. On Wednesday, the Fed announced that it had cut…
Shein and Temu targeted by White House de minimis rules
U.S. President Joe Biden delivers a speech during a visit to the United Association Local 190 training center in Ann Arbor, Michigan, U.S., September 6, 2024. Craig Hudson | Reuters The Biden administration announced new steps on Friday to curb…
When to book your vacation trips and flights in 2024
Moment | Getty Images If you want or need to travel this holiday season, start planning now because the ideal time to book travel for Thanksgiving, Christmas and New Year’s is fast approaching. “The most important thing is that travelers…
Mortgage rates are falling, but houses are unlikely to become cheaper
Mortgage rates may be falling, but that doesn’t guarantee that homes will be more affordable in 2025. The average interest rate on 30-year mortgages fell to 6.2% as of Thursday, down from 7.79% in May. For many buyers, that means…
The cost-of-living adjustment of social security for 2025 could be 2.5%
Patchareeporn Sakoolchai | moment | Getty Images Due to record-high inflation, welfare recipients have faced greater cost-of-living adjustments in recent years. However, the increase next year is unlikely to be quite as generous. Based on new government inflation data, beneficiaries…
Here is the inflation breakdown for August 2024 – in one chart
Grace Cary | Moment | Inflation continued to decline in August, suggesting that the rapidly rising prices that have plagued the U.S. economy for most of the three years of the pandemic are increasingly fading into the background. Inflationary pressures…
Economist: US labor market weakening, but no red alert yet
A “Now Hiring” sign is seen at a FedEx location on Broadway in New York City on June 7, 2024. Michael M. Santiago | The US labor market is cooling at a worrying rate, but not to a degree that…
Experts say retiring abroad could reduce your living costs
Mario Martinez | Moment | For seniors looking to reduce their expenses while improving their quality of life, the idea of settling abroad could be attractive, financial experts say. So far, nearly a third of retirees have moved either domestically…
Dollar General, Dollar Tree and Kroger charge cashback fees: CFPB
A Dollar General store in Germantown, New York, on November 30, 2023. Angus Mordant/Bloomberg via Getty Images Three of the country’s largest retailers – Dollar General, Dollar Tree and Kroger – charge fees to customers who ask for “cash back”…
