With mounting anxiety about an impending recession in the US, you may be concerned, or at least a little curious, about what this may mean for your finances. So how do you best prepare, save, invest and generally make smart money moves in these uncertain times? For some guidance to help navigate through this difficult financial period, CLICK ON THE HEADLINE
At its September 22nd meeting, the Fed announced it will hold the federal funds rate at its target range of 0% to 0.25%. But it also signaled rate hikes beginning in 2022 with perhaps three more in 2023.
Economists agree that inflation may rise up to 5.5% at the end of 2021 but are still uncertain what levels it will reach by 2022 and what policies the Federal Reserve Bank will take. CLICK ON THE HEADLINE FOR MORE
The Federal Reserve rate is extremely important to how the bank, as well as the rest of the world, does business. And to get the economy going, the Fed wanted to make borrowing money cheaper. To find out who can benefit from the near-zero Fed rate, CLICK ON THE HEADLINE
The burning desire to redo mortgages had already been high since the first of the year, as falling interest rates moved them to revise their repayment terms — downward. Now, the Federal Reserve just announced an emergency interest rate cut designed to curb the economic damage from the burgeoning coronavirus. CLICK ON THE HEADLINE FOR MORE