interest rates

The average savings rate is still just 0.07%. Part of the reason: Banks have too much money. Let us explain.

Here in the U.S., the Fed is trying to cool an overactive economy. In China, the goal is to juice one that’s flagging.

Credit Counselors can work with banks to bring down interest rates in order to get debt paid off.

“I think it’s important to look back at history,” said the former leader of the U.S. central bank.

Interest on new federal student loans is based on the 10-year Treasury yield. The pause on repayments will end Aug. 31.

Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.

Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.

Wages are rising fast, but not as fast as prices. When inflation expectations drive workers’ demands for higher pay, inflation can spiral out of control.

All major indices are down for the year. That’s probably something the Fed isn’t all that mad about.

The Fed intensified its fight against the worst inflation in 40 years on Wednesday and signaled further large rate hikes to come.