Quick Look The Federal Open Market Committee of the Federal Reserve hiked the closely watched federal funds rate by 25 basis points, or one-quarter of a percent, at its meeting in July 2023. Federal Reserve Chair Jerome Powell announced the move at 2pm Eastern Time on Wednesday, July 26. The FOMC’s July 2023 rate hike
Credit cards can reward you handsomely when you use them responsibly. But they also come with special risks, including eye-watering interest rates that can quickly trap you in a spiral of debt. Learn how credit cards work and how to avoid their pitfalls.
Unpaid balances on credit cards can quickly build on themselves. Knowing the factors that contribute to the interest rate you’re paying is key to lowering your rate. Learn how to calculate your credit card interest rate — and why it’s so important to pay off those balances as quickly as you can.
Your high school curriculum probably didn’t cover compound interest, but you need to understand it nonetheless. Money builds on itself over time. Once you understand it, you’ll want to invest more of your money to put it to work on your behalf. Learn how compound interest works to build wealth.
You’ve decided on a legitimate reason to get a personal loan and determined that you’re probably eligible to apply. You’re now ready to begin the next phase of the loan application process: researching lenders. Naturally, you’ll want to look for lenders offering competitive terms and favorable personal loan interest rates to borrowers like you. Use an aggregator
