Banking
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Banking Basics
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Latest Articles
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Fed divided on 2022 interest rate hike, signals bond-buying taper coming ‘soon’
The Fed isn’t in a rush to raise rates, but slowing asset purchases appears to be on deck.
6 min read Sep 23, 2021 -
The repo market, explained — and why the Fed has pumped hundreds of billions into it
You might not know it, but the repo market is the bedrock for the financial system.
9 min read Sep 10, 2021 -
Sorry, we’re closed: The inside story of COVID-crushed small businesses and their comeback hopes
The only thing harder than shutting down the world’s largest economy is bringing it all back to life.
17 min read Feb 26, 2024 -
Credit union branching out to nonmembers with check cashing and payday loans
One Florida credit union aims to offer an alternative to check-cashing stores by starting their own, offering lower interest rates and fees. Elsewhere, middle-income consumers and college students are [...]
3 min read May 16, 2024 -
Fed keeps rates at near-zero, says economy has made progress
As the economy rebounds, don’t expect the Fed’s extraordinary support to last forever.
5 min read Jul 28, 2022 -
The COVID recession is officially over. Here’s why experts say that doesn’t matter
The worst downturn in a lifetime was also the shortest.
5 min read Nov 23, 2022 -
Survey: More than half of Americans couldn’t cover three months of expenses with an emergency fund
The coronavirus pandemic drained Americans’ savings accounts.
5 min read Jul 22, 2021 -
Child Tax Credit: Here’s how to collect your monthly payments
The first of six monthly Child Tax Credit (CTC) payments start July 15.
7 min read Aug 03, 2021 -
What is open banking, and how will it affect you?
The concept is seen as a way to boost innovation and competition, ultimately giving consumers better digital options for their money.
4 min read Feb 08, 2022 -
Survey: Top economists say U.S. economy won’t be fully recovered from pandemic 12 months from now
Here’s where the nation’s top economists see hiring, the Fed and inflation heading over the next year.
9 min read Jun 29, 2021 -
Fed holds interest rates near zero, sees two rate hikes in 2023
Higher inflation and a troubled labor market could be the Fed’s nightmare scenario.
7 min read Jun 16, 2021 -
Should you be worried about inflation? Here’s what the experts are saying
Higher inflation is here, but the big question is whether it’s here to stay or not.
7 min read Jun 11, 2021 -
Savings accounts are still an important part of your financial plan, even in a low-rate environment
The savings account has always been a time-tested standby. Here’s why it still matters.
4 min read Aug 21, 2023 -
Facing long-term joblessness? Try these 7 things if you’re struggling to find work
The longer an individual is out of a job, the more likely they are to lose skills, face discrimination from employers and see lower wages.
8 min read Jun 02, 2021 -
Fourth stimulus check update: Latest White House comments, California governor’s proposal
Millions of Americans support another round of relief payments.
4 min read Apr 03, 2024 -
Your post-pandemic financial checklist: 7 steps to manage your money for long-term success
Before making this your own version of the roaring ’20s, here’s what you may want to consider.
7 min read Mar 11, 2022 -
Fed sticks with zero interest rates, even as inflation concerns mount
The Fed’s patience could be challenged as the U.S. economy comes roaring back to life.
6 min read Apr 07, 2022 -
3 strategies for savers in a low interest rate environment
Here’s how to respond to lower rates if you’re in the market for a CD or savings account.
2 min read Jul 15, 2022 -
Still missing your coronavirus stimulus check? Here’s what you should do
Those taxpayers could potentially see thousands of extra dollars when they file for the Recovery Rebate Credit.
7 min read Apr 27, 2021 -
Survey: More than 6 in 10 Americans say $1,400 stimulus checks won’t last three full months
Most plan to spend their stimulus funds on necessities, not on shopping, dining or traveling.
7 min read Jun 07, 2021
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