Quotes from the news wire:
To feel good about where inflation is headed, we need to see more than just moderation in the rate of both headline and core inflation, we also need to see moderation in price pressures across a wide range of categories that are staples of the household budget: shelter, food, electricity, motor vehicle insurance, apparel, and household furnishings and operations.
Found on CNN 1 year ago
Turbocharge your debt repayment efforts with a 0% balance transfer offer, some lasting as long as 21 months. This insulates you from further rate hikes and gives you a runway to get the debt paid off once and for all.
Found on CNN 1 year ago
[T]he average credit card rate is now at a record high above 20%.
Found on CNN 1 year ago
You’re leaving a lot of money on the table if you don’t go to an online bank.
Found on CNN 1 year ago
Returns on savings accounts and CDs are the best in 15 years.
Found on CNN 1 year ago
Pervasive price pressures across categories of spending that are necessities — shelter, food, electricity, apparel, vehicle insurance, and household furnishings and operations — show that broad-based improvement on the inflation front is still lacking.
Found on CNN 1 year ago
The CPI is likely to underscore the feeling that inflation pressures aren’t going to come down easily or in a straight line, the progress is going to be tougher to come by than what the trend of the past several months would have us believe.
Found on CNN 1 year ago
In other words, I Bonds are not a replacement for your savings account.
Found on CNN 1 year ago
With rates still rising and inflation now declining, it is the best of both worlds for savers. Consider locking in longer-term CDs which are peaking now, and seek out one of the top-yielding savings accounts, which are pulling in more than 4% and are still rising.
Found on CNN 1 year ago
Credit card rates are at record highs and still rising. Turbocharge your debt repayment efforts with a 0% balance transfer offer, some lasting as long as 21 months. This insulates you from further rate hikes and gives you a runway to get the debt paid off once and for all.
Found on CNN 1 year ago
It's not just rising rates and inflation, there are geopolitical concerns going on... And we have a slowdown that may lead to a recession or maybe it won't... It's an uncommon, even rare, mix of multiple factors.
Found on CNN 2 years ago
In other words, I-Bonds are not a replacement for Greg McBride savings account.
Found on CNN 2 years ago
With inflation running north of 9 %, we're not at the finish line and there will be more interest rate increases to come in the months ahead.
Found on CNN 2 years ago
That insulates you from [ future ] rate hikes, and it gives you a clear runway to pay off your debt once and for all, less debt and more savings will enable you to better weather rising interest rates, and is especially valuable if the economy sours.
Found on CNN 2 years ago
Consumer spending has long defied the fluctuations in consumer sentiment, what we're likely to see this time isn't that consumers cut back on spending, it's just that they spend differently. This is an environment where necessities are chewing up more and more of a household's spendable dollars.
Found on CNN 2 years ago
In other words, I-Bonds are not a replacement for your savings account.
Found on CNN 2 years ago
That insulates you from rate hikes over the next year and a half, and it gives you a clear runway to pay off your debt once and for all.
Found on CNN 2 years ago
When we talk about rates going up, they're returning to pre-pandemic levels -- the Fed is slowly reversing the cuts they put into effect in 2020.
Found on CNN 2 years ago
Normally, the top regret is not saving for retirement early enough, this year, that flip-flopped: It was not saving enough for an emergency.
Found on Reuters 3 years ago
The vast majority of Americans are worried about a hit to their household income in the coming months due to the pandemic, this widespread worry and hesitancy to spend will weigh on the pace of economic recovery.
Found on CNN 4 years ago
There are not a lot of economic bright spots right now, but one is that with record low mortgage rates homeowners can refinance their mortgages and generate meaningful monthly savings. That savings can shore up their finances and they will end up pumping it back into the economy. Why would you dampen that ?
Found on CNN 4 years ago
The entities have been in conservatorship since 2008, now suddenly, in August 2020, they say they need to think about this mandate and selectively levy this fee ? It doesn't pass the smell test.
Found on CNN 4 years ago
The idea that lenders are not going to pass this along to the consumer is a pipe dream, this is essentially an additional tax levied on the merchandise that will be passed on to the consumer. It is Fannie and Freddie reaching into the borrower's pockets.
Found on CNN 4 years ago
The virus spread and economic rollbacks in the weeks since do not bode well for the labor market in the weeks and months ahead.
Found on CNN 4 years ago
The looming expiration of federal unemployment benefits without a clear-cut replacement threatens a chunk of consumer spending power that has sustained households and made its way back into the economy.
Found on CNN 4 years ago
Even the government can't borrow at zero percent, the most creditworthy consumer carries a higher risk than the US Treasury, so you are going to pay at least a couple percentage points more than that.
Found on CNN 4 years ago
Comparison shop and see what else is out there, don't just get in the habit of paying the renewal. Particularly if you are seeing an increase, it's a ripe time.
Found on Reuters 4 years ago
Most anybody who bought a house in 2018 or first half of 2019 is in exactly that position.
Found on Reuters 4 years ago
Despite strains in money markets that have forced Fed intervention this week, there is no indication of any imminent return to quantitative easing and balance sheet expansion.
Found on Reuters 5 years ago
Twenty years ago, there was a definite advantage to teaching somebody that pain you feel when you part with cold hard cash, but now kids understand numbers on the screen. They don't have to actually see a stack of $100 bills to understand.
Found on Reuters 8 years ago
If you start to get some difference between what you're earning and what is being chewed up by inflation, then CDs will be attractive again.
Found on Reuters 9 years ago
The Fed is going to raise rates gradually, and banks will boost rates even more gradually, you're going to have to seek it out. Don't wait for your bank to pass it along.
Found on Reuters 9 years ago
Now is the time to take action, so you're not susceptible to the cumulative effect of rising interest rates.
Found on Reuters 9 years ago
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