You probably know that the Fed "sets" interest rates. Find out what else the nation's central bank does for you — and your money.
The Fed raised its benchmark rate last December and — almost nothing changed? Now, just why, exactly?
The Fed is raising benchmark rates for the first time since 2008's economic meltdown. Here's how this move will affect borrowers.
Interest rates are STILL at the historic lows they've been since 2008. Here's why the Federal Reserve is keeping them that way — for now.
A second round of quantitative easing, or QE2, could have a real and significant impact on households nationwide. Learn why some Americans might soon have to do more with less.
Recently the news is abuzz with the term "quantitative easing." What is it anyway and how does it affect you?
So everybody is saying it may finally be over, this recession. And it may very well be but if you're thinking that a turnaround is here and your money is burning a hole in your poc
In order for the economy to turn around it has to hit what so many investment experts and economic forecasters call the "bottom," but what is it, this bottom, what does it look lik
The Wall Street Journal has an opinion piece by Arthur Laffer that shows a scary graph of the monetary base, which has surged enormously in the past year. He suggests that this is
Stagflation, the bane of the 1970s, is pretty much the worst situation for ordinary folks. With the economy depressed, jobs are scarce for workers and profits are scarce for busin
For a decade, starting in the mid-1990s, the Federal Reserve kept interest rates too low and expanded the money supply too quickly. Their theory was that, as long as consumer pric
Every financial calculation that you make is influenced by your expectations for future inflation: how much to borrow, where to put your savings, and whether your last raise was a
The Federal Reserve has proposed some new rules to protect people from a list of abusive lending practices. The changes aren't in effect yet, and may not actually go into effect.
Paul Michael essentially wrote this post in January but it needs to be said again. A culture that remedies a systemic problem that stems from borrowing, with, well...more borrowing
Interest rates for ordinary savers held up pretty well after the first Fed rate cut in July last year. There was a simple reason--banks needed the money. With the cr
In response to the recent credit squeeze, the Federal Reserve did something unusual: they cut the discount rate without cutting the federal funds rate.
The federal funds rate is the rate at which banks lend to one another. [more]
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