Personal saving – ReportWire

The Federal Reserve just cut interest rates by a half point. Here’s what that means for your wallet

[ad_1] People shop at a grocery store on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve announced Wednesday it...

Banking5 months ago

Don’t expect ‘immediate relief’ from the Federal Reserve’s first rate cut in years, economist says. Here’s why

[ad_1] Recent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news...

Real Estate6 months ago

The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rent

[ad_1] Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars...

Banking6 months ago

5 top money moves to consider before the Federal Reserve’s first rate cut since 2020

[ad_1] Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to...

Banking6 months ago

How to position yourself to benefit from the Fed’s first rate cut in years, according to financial experts

[ad_1] The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome...

Business6 months ago

Harris calls for expanded child tax credit of up to $6,000 for families with newborns

[ad_1] U.S. Vice President Kamala Harris speaks at an event with U.S. President Joe Biden (not pictured) in Prince George’s County, Maryland, U.S., August 15, 2024. ...

Real Estate6 months ago

59% of Americans wrongly think the U.S. is in a recession, report finds

[ad_1] We are not in a recession “Right now we have a ‘Goldilocks’ economy,” said Gene Goldman, chief investment officer at Cetera Financial Group in El Segundo, California....

Real Estate6 months ago

Tim Walz vs. JD Vance: What the 2024 presidential running mates could mean for your wallet

[ad_1] Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Getty Images Housing Affordable housing is...

Banking7 months ago

23% of low-income Americans are living without a bank account

[ad_1] Sean Gladwell | Moment | Getty Images Even as many Americans go cashless, some don’t have the option to choose that lifestyle. About 6% of...

Real Estate7 months ago

The Federal Reserve sets the stage for a rate cut — here’s what that means for your money

[ad_1] Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images...

Banking7 months ago

The death of the personal check: As retailers move toward ‘check zero,’ here’s what that means for you

[ad_1] Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said...

Banking7 months ago

3 money moves to make ahead of the Federal Reserve’s first rate cut in years

[ad_1] Recent signs that inflation is easing have paved the way for the Federal Reserve to start lowering interest rates as soon as this fall. The consumer price index,...

Real Estate7 months ago

Nearly half of Gen Zers get help from the bank of mom and dad, report finds

[ad_1] To keep up with the high cost of living, many young adults turn to a likely safety net: their parents. Nearly half, or 46%, of...

Banking8 months ago

The Federal Reserve holds interest rates steady — here’s what that means for your money

[ad_1] The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are...

Real Estate9 months ago

Your home sale could trigger capital gains taxes. Here’s how to calculate your bill

[ad_1] Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your...

Banking10 months ago

The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money

[ad_1] The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected. However, the move also dashes hopes that the...

Banking10 months ago

New York Community Bank’s online arm is paying the nation’s highest interest rate

[ad_1] A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City. Spencer Platt | Getty Images New York Community Bank,...

Banking10 months ago

Some of the rules that protect wealthy savers’ bank deposits just changed. Here’s what to know

[ad_1] If you have more than $250,000 in deposits at a bank, you may want to check that all of your money is insured by the...

Real Estate11 months ago

The Fed hasn’t touched interest rates since July, but they’re still moving. What that looks like for credit cards, mortgages and savings accounts

[ad_1] Hinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also...

Banking11 months ago

The Federal Reserve holds interest rates steady, with no immediate relief for consumers from sky-high borrowing costs

[ad_1] The Federal Reserve announced Wednesday it will leave interest rates unchanged, delaying the possibility of rate cuts as well as any relief from sky-high borrowing costs. Overall,...