Are we in a recession? How to tell where the US economy is headed in 2025
Is the US economy headed for a recession in 2025? Get insight from experts, learn about key indicators, and understand the ...
Federal Reserve is likely to hold interest rates steady next week. But some consumer loans are getting cheaper.
Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer ...
Can Trump Arbitrarily Take Money From Anyone’s Bank Account?
The Trump administration debited $80.5 million from New York City’s bank account, raising alarms about the reliability of the ...
The Fed Reveals Borrowers From 2023’s Emergency Bank Lending Program
Two years ago, the banking world was in a bit of a crisis and the Federal Reserve created a new emergency lending program to ease the panic ...
The Fed Is Meeting on Interest Rates Next Week. Here's How We Think Savings and CD Rates Will React.
Next week's Fed rate announcement could impact how much you can earn on savings accounts and CDs going forward. Here's what ...
Trump to name Michelle Bowman as top bank regulator at Federal Reserve, AP source says
The Trump administration is expected to choose Federal Reserve governor Michelle Bowman to be the central bank’s top financial regulator, according to a person familiar with the decision.
Over 1,600 Financial Firms Tapped Fed’s Emergency Lending Tool
More than 1,600 banks and their subsidiaries tapped the Federal Reserve’s emergency lending program created to support the ...
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10 best high-yield savings accounts for March 2025: Earn up to 4.35% APY
Not sure where to find the best high-yield savings accounts ... bank or credit union can change your APY at any time. Generally, APYs increase when the economy is doing well, and the Federal ...
Atlanta Fed predicts negative 1.5 percent GDP growth in first quarter
The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the first quarter, flashing a warning sign for the U.S. economy. The ...
Bank accidentally credits customer with $81 trillion instead of $280
One of America’s biggest banks accidentally transferred more than $80 trillion (£64 trillion) to a customer’s account after a ...
Citigroup credits client’s account with $81tn in ’fat finger’ mistake
Bank staff meant to send only $280. No funds left the bank, as the error was detected before the transaction was processed ...
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United States Interest Rate
In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board ... desired levels of central bank money or the desired federal ...