Tag: interest rates
Plunging Yields Force Investors and Fed to Rethink Strategy
(Associated Press) The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of...
Staring at the Abyss of a Credit Crunch
(Bloomberg) A key gauge of banking-sector risk is indicating stress in dollar funding markets as equities around the world tank on growing virus...
RECORD LOW: What a 30-year Fixed Mortgage Rate of 3.29% Means...
(Associated Press) The average rate on a 30-year fixed mortgage has hit a record low of 3.29%, driven down by investors shifting money into...
Virus Spread Prompts Fed to Slash Rates in Surprise Move
(Associated Press) In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to...
Trump Slams Fed for Being “Slow to Act”
(Business Insider) President Donald Trump lashed out at the Federal Reserve early Monday as concerns about the economic impact of the coronavirus mounted, arguing that...
Fed Chairman Pledges to “Use Our Tools” as Trump Urges Quick...
(Associated Press) Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing a rare statement of reassurance...
Wall Street Awaits Fed Rescue as Markets Swing Wildly on Pandemic...
Stocks, Oil, Bond Yields Plummet
(Associated Press) Stocks took an early nosedive on Wall Street Thursday before recovering much of the ground they lost as...
Fed Officials Downplay Virus…Even as Markets Now Expect Rate Cuts
(Associated Press) When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed's decisions?
Two Fed officials diverged on that...
Negative Interest Rates Turn Saving, Borrowing Upside Down
(Associated Press) Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not...
Is Chasing the Highest Savings Rate Worth It?
(Associated Press) Last year, Peter Hsiao learned about high-yield savings accounts from his friend, and within a week, he had opened one. His rate...
