CNBC’s Jim Cramer said Monday the Federal Reserve could raise interest rates in August ahead of its next scheduled meeting in September if this week’s economic data shows inflation doesn’t ease. “The Fed is still responsible for this market. A week ago it looked like they were easing, but after Friday’s red-hot job count and … Read more
LONDON – FEBRUARY 03: Bank of England Governor Andrew Bailey leaves after a press conference at the Bank of England on February 3, 2022 in London, England. The bank is expected to hike interest rates for a fifth consecutive day on Thursday but faces a difficult balancing act between supporting growth and curbing inflation. Dan … Read more
What the Federal Funds Rate means to you The Federal Funds Rate, set by the US Federal Reserve, is the rate at which banks lend and borrow money from each other overnight. While that’s not the rate consumers are paying, the Fed’s moves are still impacting the lending and savings rates they see every day. … Read more
LeoPatrici | E+ | Getty Images Summer is coming to an end, but your vacation doesn’t have to be. In fact, fall can be the perfect time to get away. “The weather is generally mild and pleasant, and many destinations are less crowded than during their peak summer season,” said Sarah Schlichter, editor-in-chief of online … Read more