Interest Rates

Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic

Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
July 29, 2020  |  Economy

Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how...

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Mortgage Applications Drop Again, But Refis Remain Strong
Mortgage Applications Drop Again, But Refis Remain Strong
July 29, 2020  |  Real Estate

Home loan applications overall fell 0.8 percent last week as rates on FHA loans rose, according to the Mortgage Bankers Association (MBA). Michael Fratantoni, the...

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Fed’s Brainard: Economic Recovery So Far Could Be Temporary
Fed’s Brainard: Economic Recovery So Far Could Be Temporary
July 14, 2020  |  Economy

Federal Reserve Governor Lael Brainard said the road to recovery for the U.S. economy won’t be an easy one, according to The Wall Street Journal...

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Wealthfront FinTech Rolls Out Debit Account Capability
Wealthfront FinTech Rolls Out Debit Account Capability
June 29, 2020  |  Banking

Wealthfront, the online investment service firm, has added checking features to its app. The Palo Alto, California startup said the no-fee account is the company’s...

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NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
May 21, 2020  |  Economy

New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported....

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Crisis Puts Homeownership On Hold For Millennials
Crisis Puts Homeownership On Hold For Millennials
May 11, 2020  |  Real Estate

It could be the perfect time for millennials to stop throwing their money away on rent and buy a home — or not. At 3.26...

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Big Firms Draw Down Billion Dollar Credit Lines
Big Firms Draw Down Billion Dollar Credit Lines
March 17, 2020  |  Economy

In the world of credit, in the scramble to shore up at least some financial stability by filling corporate coffers for the deluge of rainy...

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Coronavirus Triggers Historic Crumbling Of China’s Economy
Coronavirus Triggers Historic Crumbling Of China’s Economy
March 16, 2020  |  Economy

Economic damage in China is worse than anticipated — factory production experienced its fastest downward spiral in 30 years, according to the National Bureau of Statistics...

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