We have had enough of those policies that favor markets and financial institutions to the detriment of the rest of the economy. The Federal Reserve has been waiting too long to correct the current abnormal situation. The IMF is wrong to encourage it to do so.
It is important that the public have a clear idea of what is at stake in the Fed's decisions on interest rates. While many politicians and policy experts are grappling with ways to try to lower the poverty rate, the Fed will be directly preventing people from seeing pay increases.
Advocates for higher interest rates point to an improving job market as a sign that America has come back from the recession. But many activists, economists, and community groups know that raising interest rates now would stymie the many communities, particularly those of color, that continue to face persistent unemployment, underemployment, and stagnant wages.
What the Fed is about to do will affect your job and your income, and here's what you can do to make sure the Fed makes the right decision.
By Barbara Friedberg, Contributor If you're interested in improving how you manage your finances, then you need to care about ...
The fact that the Fed is considering raising rates is a good thing because it means the economy is doing well. However it will have a different impact on different people.
As traders and investors around the world try to decipher the Federal Reserve's use of such terms as "not impatient" in lieu of "patient" in its guidance on interest rates, it is fast becoming clear that the Fed realizes that it has been painted into a corner.
Higher rates will keep inflation in check. By making it more expensive to borrow it also slows consumer demand. That rising consumer demand from a strengthening economy causes prices to increase... or inflation.
Would you rather pay $262 per month or $380 for the exact same thing? Establishing a strong credit profile will help you save money over your lifetime, especially on big ticket purchases: cars and homes.
Credit card interest is a real problem for many cardholders. It is so expensive that credit card users need to take a few minutes to understand how it works. And once they do, they can take steps to pay as little as possible.
The annual credit card interest rate in the United States is roughly the equivalent of the monthly credit card interest rate in Brazil.
Millennials are facing more student loans than ever before. Interest rates are high. Loan principals are even higher. Even those with good jobs are struggling to pay their monthly minimums.This is bad for a lot of reasons, one of which is that people in their 20s are not investing nearly as much as they should.
Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.
Salter says people get credit for their age by waiting, but with lower interest rates and compounding growth, it makes more sense to take it today than wait for an uncertain future.
Low interest rates were supposed to be a short-term crutch, but have instead become the staple of a years-long feast for the 1 percent. It's time for the Fed to end the festivities, remove the crutch and let the partiers take their losses so we can move forward as a nation, all 100 percent of us.
A live price quote is believable. A price that is not live, for any of the reasons given below, is not believable. Yet many borrowers shopping for a mortgage select lenders on the basis of price quotes that are not live.