People shop at a grocery store on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve announced Wednesday it will lower its…
Read more The Federal Reserve just cut interest rates by a half point. Here’s what that means for your walletRecent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news for Americans struggling…
Read more Don’t expect ‘immediate relief’ from the Federal Reserve’s first rate cut in years, economist says. Here’s whyOwning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to…
Read more The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rentLast week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to adjust,” the central…
Read more 5 top money moves to consider before the Federal Reserve’s first rate cut since 2020The 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 Powell said at a press…
Read more How to position yourself to benefit from the Fed’s first rate cut in years, according to financial expertsU.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. Elizabeth Frantz |…
Read more Harris calls for expanded child tax credit of up to $6,000 for families with newbornsWe 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. The country’s economy…
Read more 59% of Americans wrongly think the U.S. is in a recession, report findsDemocratic 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 an important topic…
Read more Tim Walz vs. JD Vance: What the 2024 presidential running mates could mean for your walletSean Gladwell | Moment | Getty Images Even as many Americans go cashless, some don’t have the option to choose that lifestyle. About 6% of Americans were unbanked…
Read more 23% of low-income Americans are living without a bank accountCustomer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Now, as the…
Read more The Federal Reserve sets the stage for a rate cut — here’s what that means for your moneyNadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a…
Read more The death of the personal check: As retailers move toward ‘check zero,’ here’s what that means for youRecent 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, a key inflation…
Read more 3 money moves to make ahead of the Federal Reserve’s first rate cut in yearsTo keep up with the high cost of living, many young adults turn to a likely safety net: their parents. Nearly half, or 46%, of Gen Zers between…
Read more Nearly half of Gen Zers get help from the bank of mom and dad, report findsThe Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though…
Read more The Federal Reserve holds interest rates steady — here’s what that means for your moneyWestend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could…
Read more Your home sale could trigger capital gains taxes. Here’s how to calculate your billThe 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 Fed will be…
Read more The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your moneyA New York Community Bank stands in Brooklyn on February 08, 2024 in New York City. Spencer Platt | Getty Images New York Community Bank, the regional lender…
Read more New York Community Bank’s online arm is paying the nation’s highest interest rateIf 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 federal government. The…
Read more Some of the rules that protect wealthy savers’ bank deposits just changed. Here’s what to knowHinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also means that banks…
Read more The Fed hasn’t touched interest rates since July, but they’re still moving. What that looks like for credit cards, mortgages and savings accountsThe 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, expectations that the…
Read more The Federal Reserve holds interest rates steady, with no immediate relief for consumers from sky-high borrowing costs
