The Federal Reserve Board is openly mapping out an actual job-killing strategy and drawing almost no attention at all for it. The Fed's job-killing strategy centers on its plan to start raising interest rates, which is generally expected to begin at some point this year.
In an attempt to reverse the slump in China's money supply growth, the People's Bank has just reduced its benchmark interest rates for the second time in three months. A wise move.
GOP presidential aspirant and former neurosurgeon Ben Carson had an interesting idea about bank loans when asked about rising interest rates and the national debt, at a closed-door gathering of Americans for Prosperity at the South Carolina Tea Party Coalition Convention.
You know the old expression "Be careful what you wish for; it may actually come true"? Well, somewhere there are a bunch of early-1980s economists who may now be regretting what they wished for 35 years ago.
CD accounts can still be useful and beneficial financial tools, though. With higher rates than traditional checking and savings accounts, on average, these accounts are great when trying to grow a set amount of funds, on the side, for a future expense or goal.
Low oil prices have already been used to justify an interest rate cut, as well as a delayed and, presumably, reworked federal budget. With such a convenient scapegoat at hand, you can bet it won't be long before low oil prices will be made to shoulder even more blame.
When you're shopping for a home, it's best to stay aware of mortgage trends and in close touch with your lender.
Upper middle class and wealthy people usually don't just lounge on a beach day-after-day. High-powered careers and job changes often accompany financial success. More and more these days, the ability to get that next job can include having a solid credit history.
The housing market has shown massive improvement, nearing pre-recession values around the country; still, less people are willing to buy and choose to rent instead. This can be attributed to the much smaller percentage of first-time buyers.
But even with the generous cash flow facilitated by the Fed, annual productivity of many shale gas and tight oil fields have either peaked or are in terminal decline.
ECB President Mario Draghi has been highly effective with his words alone -- moving markets with speeches and little action. However, by doing so he has also set the bar high and expectations for action are becoming the norm.
We have the central bank of the US acting deliberately to keep workers from getting pay increases. They justify their actions over concerns about inflation, but we need not take these seriously. Who knows what they believe, but the real-world risk of a dangerous inflationary spiral ranks alongside the risk of attacks by Martians.
The conventional wisdom: low interest rates are good for both economic growth and the stock market. Unfortunately for the conventional, the "wisdom" of low-rates-stimulate-growth omits three features.
The marketplace for credit cards is more complicated than ever. Points programs, cash back plans and variable interest rates all have consumers drowning in the fine print, trying to make some sense of what they're applying for.
I didn't know credit scores existed growing up. I didn't even open a credit card until the middle of my college years. When a friend opened her first card sophomore year of high school (at her grandmother's behest), I scoffed and laughed.
The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.