While the Federal Reserve wants to see inflation heading toward 2.0%, December 2023 brought an increase of 0.3%, moving the Consumer Price Index (CPI) up to 3.4%. Still, many expect the federal funds rate to stay at 5.33% this month ...
There’s no question that you’ve heard about today’s high interest rates, and if you have any revolving debt, you’ve probably noticed that your minimum payments have gone up over the past couple of years as a result.? Although some experts ...
If you’re in the market for a new home, you’ve probably faced some challenges ¡ª most of which are caused by?high interest rates. After all, high mortgage rates can make it difficult to find affordable options?since they have a significant ...
Chances are that you’ve been feeling inflationary pressure?recently. And, in turn, it may seem like your hard-earned dollars don’t go as far as they once did. You aren’t the only one feeling that, either. A recent CBS News poll shows ...
Credit card debt is a relatively common issue, with Americans collectively owing about $1.08 trillion to credit card lenders as of the third quarter of 2023. Unfortunately, credit cards usually come with high interest rates and minimum payment structures that ...
Thanks to the Federal Reserve’s 11 rate hikes over the last few years, rates on certificates of deposits (CDs) have soared. In fact, the moves even spurred a reversal in how CD rates typically shake out with shorter-term CD terms ...
The mortgage rate environment has been turbulent in recent years.? After hovering near record lows during the height of the pandemic in 2020 and 2021, rates surged as the Federal Reserve attempted to reign in inflation. The benchmark interest rate ...
Inflation has been high for some time, and prices on many goods and services have been rising. According to the Bureau of Labor Statistics, transportation costs are up almost 10%, housing costs more than 6% and food costs nearly 3%. ...
It’s tax season again. That means it’s time to compile your W2s and 1099s alongside your expense documents and file your taxes. Years ago, doing your taxes could be a major inconvenience, as it may have required a professional to ...
Inflation climbed during the COVID-19 pandemic, and prices rose so fast that the Federal Reserve took action, increasing interest rates multiple times in an attempt to hamper consumer spending and bring the inflation rate down. In turn, those with credit ...