A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Solid January Jobs Will Likely Keep Fed Interest Rate Cuts On Hold
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
Why the Job Market Is Giving the Fed Cover to Extend a Pause on Rate Cuts
The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.
The US labor market isn't putting pressure on the Fed's plans to cut interest rates in 2025
A strong January jobs report has investors believing the Federal Reserve likely won't be cutting interest rates in the near future.
Fed's Kugler says labor market healthy, inflation elevated
In remarks that suggest she is in no hurry to cut interest rates, Federal Reserve Governor Adriana Kugler on Friday said she ...
Traders now see just one Fed rate cut this year
Traders of short-term interest-rate futures on Friday now expect the Federal Reserve to cut interest rates just one time this ...
Fed might need to hold rates steady ‘for quite some time,’ Logan says
Even inflation falling close to 2% in the coming months might not necessarily allow the Fed to cut rates soon, Logan said.
January Jobs Report Keeps Rates on Pause: What the Experts Are Saying
The unemployment rate, which is derived from a separate survey, declined to 4% from 4.1% the prior month. Economists expected ...
Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...
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The Fed Just Paused Interest Rate Cuts. Here's What That Means for You
The Federal Reserve spent a good part of 2022 and 2023 implementing interest rate hikes in response to rampant inflation. But now, the central bank needs to reverse some of those hikes as inflation ...
Why Transferring Credit Card Debt Won’t Pay It Off
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for ...