The Federal Reserve decided to lower its interest rate this week, but mortgage rates didn't follow suit. Instead, they went up. The average rate for a 30-year fixed mortgage increased by 20 basis points after the Fed's announcement and Chairman Jerome Powell's press conference, according to Mortgage
Car loans are becoming a big problem for many people in the U. S. Right now, Americans owe a huge amount of money on their cars. In fact, it's the second-largest type of debt after home loans. What's more, a lot of people are struggling to keep up with their monthly payments. Nearly one in five borr
The Federal Reserve is likely to lower interest rates this week, despite a lack of recent data. This is because the government shutdown has delayed key reports on jobs and inflation. Without this data, the Fed is making big decisions based on incomplete information. The Fed has hinted at rate cuts
The US bond market is having a great time in 2025. Prices are up, and yields are down. This is mostly because people think the economy is slowing down. When growth slows, bonds become more attractive. It's like when everyone wants to buy the same toy, and the price goes up. The Federal Reserve is e
The Federal Reserve is gearing up to make a big decision. They're expected to lower interest rates soon, but everyone's focused on what this means for the economy. The government shutdown has made things murky, and the Fed is trying to figure out how to navigate this mess. Back in September, things
The stock market, especially the S&P 500, has been doing really well. It's not just random luck. There are a few big reasons for this. First, the Federal Reserve might lower interest rates soon. When interest rates go down, it's easier for companies to borrow money. People also spend more when rate
Big things are happening in the world of money and Bitcoin. The Federal Reserve, which controls a massive $6. 6 trillion, might soon stop shrinking that number. This could mean more money flowing into the market, and Bitcoin is already feeling the buzz. Bitcoin's price has been on a wild ride. Afte
The Federal Reserve is opening a new door for stablecoin companies. On October 21, Governor Christopher Waller proposed a special payment account. This account lets stablecoin issuers and crypto firms access Fed payment systems. But it doesn't give them full access like regular banks. This is a big
The Federal Reserve is considering a new idea: a "skinny" account for crypto firms. This account would give them limited access to the Fed's payment system. It's not the full deal, but it's a step forward. This idea comes from Christopher Waller, a Fed governor. He thinks it could help stablecoin c
Young tech graduates are finding it tough to land jobs. The Federal Reserve has been cutting interest rates to boost hiring, but this might not help much. Companies are holding back on hiring due to uncertainty about future costs and the impact of AI on jobs. AI is changing the game for entry-level
