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For example, when matching a $5,000 CD against a $5,000 traditional savings account, which would earn more interest right now? That's what we'll calculate below.
Right now, there's almost no chance of a fed rate cut for when the central bank meets again in June (the CME Group's FedWatch tool has a rate pause there listed at nearly a 100% certainty).
The common wisdom is that the core inflation rate remains above 2%, and thus, Powell’s stance that interest rates are at the right level is justified.
President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting.
Gov. Mike Dunleavy recently vetoed a bill passed by both chambers of the Alaska Legislature that would have capped interest rates at 36% on small consumer and business loans up to $25,000.
The provision limits what kinds of vehicles and loans qualify. And it caps how much loan interest may be written off in a given year and by whom. Here’s what you need to know.
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