Fed Rate Hike: Here's How It Hits Credit Cards, Loans, Savings AccountsThe Federal Reserve bumped up its most important interest rate another quarter point on Wednesday, its seventh rate hike since late 2015.
Federal Reserve Raises Key Interest Rate By A Quarter-PointThe Fed is boosting its key short-term rate by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent and will keep shrinking its bond portfolio. Both steps show confidence that the U.S. economy remains sturdy nearly nine years after the Great Recession ended.
San Francisco Federal Reserve Gets Political On Twitter, ApologizesThe Federal Reserve Bank of San Francisco apologized Tuesday for a political message posted to the bank's Twitter page.
Opinion: Auto And Bank Bailouts Prove EffectiveOn Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Economist: Lowest Home Equity In Over Half-Century Could Kill Retirement PlansTraditionally, home equity rises as a mortgage is paid off, but home values continue to plunge since the bubble burst in 2006.
Merchants, Bankers Square Off In Senate Over Limit On Debit Card FeesA showdown vote in the Senate over a proposed cap on fees that stores charge for a debit card swipe is pitting bankers against merchants — but will consumers lose either way?
Fed To Name Banks That Received Emergency LoansThe Federal Reserve plans to release documents on Thursday identifying financial companies that received Fed loans to survive the financial crisis.
Consumer Borrowing Rises For 4th Consecutive MonthConsumers borrowed more in January to purchase new cars but were once again frugal with credit card purchases, offering a mixed sign of their confidence in the economy.
Fed May Reconsider Plan To Limit Debit Card FeesThe Federal Reserve told Congress on Thursday that it may reconsider its proposal to limit the fee that banks charge merchants for debit card transactions to 12 cents per swipe, the latest twist in a battle over billions of dollars.