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
According to the Bureau of Labor Statistics, the average American family spends more than $8,000 on food and personal care products. That’s a significant portion of many families’ annual income. With rising food prices and broader inflation, costs aren’t likely to go down anytime soon. Fortunately, there are already numerous ways to save money on
The Panic of 1907 was a major American financial crisis that occurred in the fall of 1907. Also known as the Bankers’ Panic or Knickerbocker Panic, it nearly ruined the New York Stock Exchange. In its aftermath, Congress created the Federal Reserve Bank of the United States.
If you’re ready to teach your child about money management, giving your child their own debit card and allowance gets them off to a good start. But there are advantages and disadvantages.
If you need a little help before your next payday, these are the cash advance apps for you.
At high school and college graduations, you’ll often hear speakers urging young people to follow their passion. The idea is that if you get a job you love, you’ll work harder at it, and success and prosperity will follow. But in real life, it doesn’t always work out that way. If the job you love
Marcus Online Savings has an excellent yield compared to competitors and no minimums or fees to get in the way of growing your savings. But it has some missing features that make it less flexible than some users might like.
If you’re looking for a reliable savings account with a very competitive yield and full deposit insurance, it’s worth a close look. However, it has some important shortcomings and isn’t available in all areas, so it might not be the best option for you.
While most entrepreneurs focus on growing sales, lowering expenses is at least as important when trying to grow profitability. Cutting expenses doesn’t have to be painful or require altering your business plan. Here are the best cost-cutting ideas to help you reduce expenses for your small business.
It can be kind of annoying that your biggest, most important payment — your rent — doesn’t even count toward your credit score. Fortunately, these days, you can add rent payments to your credit report to improve your credit score without a lot of hassle.
Was your bank account suddenly closed? Don’t panic. Many banking customers have found themselves in similar situations. Account closures can happen for various reasons, and understanding why can save you a lot of frustration and inconvenience.
The age-old debate over the relative merits of renting or buying a home rages on. It’s doubtful that a definitive settlement is on the horizon. There are simply too many variables at play and too many unique factors affecting individual homeowners’ situations. But one thing is for sure: renting and homeownership both come with their fair share
