Tag: interest
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Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales. At least 50 companies — including Big Lots, Gap, Petco, Burlington, Macy’s and TJX Companies — increased the APRs on their credit…
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Trump and Fed Chair Powell could be set on a collision course over interest rates
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how economic circumstances play out. Should the economy run hot and inflation flare up again, Powell and his colleagues could decide to tap the brakes on their efforts to lower interest rates. That in turn could infuriate Trump, who…
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Fed Governor Waller sees need for ‘more caution’ ahead when lowering interest rates
Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could still be running at a hotter-than-desired pace. Citing recent reports on employment, inflation, gross domestic product and income, the policymaker indicated that “the data is…
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate to a range of 4.75% to 5%. After a better-than-expected jobs…
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The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving higher, particularly at the long…
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Fed interest rate cut expected and global trail behind Hezbollah pager explosions: Morning Rundown
A long-awaited interest rate cut is expected today. The mystery behind the origins of the exploding Hezbollah pagers deepens. And Sean “Diddy” Combs’ team will argue again for his release as he awaits a sex trafficking trial. Here’s what to know today. Fed expected to cut key interest rate Chair of the U.S. Federal Reserve…