A quarter-percentage-point here, a quarter-percentage-point there. The Federal Reserve has been raising short-term interest rates so slowly that many consumers haven’t felt the pinch yet. But a third rate hike
When Janet Yellen announced a quarter-percent raise in the Federal Reserve interest rate earlier in March, government bonds dipped while stocks ticked upward. The Fed is expected to make at least
For centuries, banks have paid customers for the privilege of holding their money and lending it out to other customers. In fact, it’s safe to say the entire banking system
Federal Reserve watchers have waited all year for the central bank to raise interest rates. No doubt your editor has wondered the same thing. The wait could be over this
Stock market woes are far from over. While the New York Stock Exchange recovered from its initial 1,000 point dive on Monday, it still wound up losing 558 points. That
Federal Reserve chairwoman Janet Yellen said she expects the Fed to raise interest rates by the end of the year during a speech to the City Club of Cleveland on Friday. Yellen
Well, Wall Street certainly appreciated news from the Federal Reserve on Wednesday that the central bank would refrain from changing its near zero-interest rate policy for a ‘considerable time.’ As
Binyamin Appelbaum of The New York Times looks into another lending industry that doesn’t play by the same rules as traditional lenders: those who lend money to lawsuit plaintiffs. He
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