Here’s what FOMC decision makers’ interest rate moves mean for high-yield savings accounts, CDs and bond funds. Are savings rates and CD rates going up in 2023? And where to get the best APRs today.
The Fed was responsible for setting bank failures in motion, and more collapses are coming as higher rates rattle the economy, Raghuram Rajan said.
Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
Australian shares are set to rise on Friday, after European stocks rise on hopes of smaller interest rate rises from the US. Meanwhile, Binance announces $US1 billion crypto bailout.
Stocks gave up an early gain and closed lower on Wall Street as markets continue an unsteady search for direction.
Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after a strong two-day rally earlier this week. The S&P 500 fell 0.8%. Nearly three-fourths of the stocks in the benchmark index closed in the red, with retailers, banks and industrial companies among the biggest weights.
Three major U.S. banks said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.
A drop in mortgage interest rates isn’t always something to celebrate.