Wednesday, April 7, 2010 as of 11:14 AM ET
In the United States, the federal funds rate is the interest rate at which depository institutions actively trade balances held at the Federal Reserve, called federal funds, with each other, usually overnight, on an uncollateralized basis.
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Lessons for Yield ChasersLet's face it: It's not a friendly financial environment for anyone looking to earn income from liquid accounts.
With the federal funds rate set to hover around zero percent to 0.25% through 2014, the outlook is grim for yield chasers.The results of Bankrate's 2012 High-Yield Checking Survey do show signs of hope, but there are hurdles throughout the pursuit of increased earnings. From adjusting your banking routine to monitoring your rates and more, capturing that yield will take some work.Before you open a new high-yield checking account, consider these four warnings.Your Rate Can Change at Any TimeThe interest rate on your high-yield checking account is not part of a long-term contract.While some banks and credit unions are offering above-average yields, every high-yield checking account comes with a dreaded disclaimer: Rates are subject to change."Interest rates on deposit accounts can change based on several factors, most importantly, market volatility," s...The U.S. Federal Reserve on Wednesday kept interest rates at the same level it has since December 2008 and made no substantive tweaks to either its asset purchase pr...
Is the economy improving? And is the Federal Reserve's current monetary policy appropriate?Going into the Federal Open Market Committee meeting Wednesday, spectators...
The Fed Giveth, and the Fed Taketh AwayThe Federal Reserve can help or hurt your finances in a matter of minutes, depending on what it says and does.Interest rates o...
The role of the Federal Reserve has clearly evolved since its inception nearly 100 years ago. In recent years, the Fed has become more active in stabilizing the fina...
Once upon a time in America, people could purchase long-term bank certificates of deposit, or CDs, that paid interest rates of 10% or more per year.That might sound ...
Brian Sack, the individual responsible for overseeing the execution of the Federal Reserve's monetary-policy moves, will be leaving his post in late June as the cent...
Charles Schwab Fixed Income CIO Brett Wander on why investors should still consider Treasury bonds.
FBN's Peter Barnes on the latest FOMC minutes, and the Fed's decision to leave interest rates unchanged.
Dear Dr. Don, I am retired and living in my home. My remaining mortgage balance of $85,000 will be paid off in three years. I am paying mostly principal now, and I h...
Pento Portfolio Strategies President Michael Pento on the impact of Federal Reserve policies on the economy.
NEW YORK -- Ahead of the last Federal Reserve meeting, Wall Street's biggest banks expected the central bank to lengthen the period it saw interest rate rates stayin...
Ahead of the last Federal Reserve meeting, Wall Street's biggest banks expected the central bank to lengthen the period it saw interest rate rates staying very low, ...
Charles Schwab Chief Investment Strategist Liz Ann Sonders on the impact of Greece on Europe and the U.S.
Russell Investments chief economist Mike Dueker gives his outlook for unemployment.
The U.S. Treasury Department on Wednesday said it deferred a decision on whether to issue a new line of debt securities that may impact an emerging three-way contest...
After remaining quiet for much of the day, gold and silver received a sharp pullback on Wednesday after the Federal Open Market Committee released its latest stateme...
On Wednesday, gold ( NYSEARCA:GLD ) futures for June delivery decreased $1.50 to settle at $1,642.50 per ounce, while silver ( NYSEARCA:SLV ) futures fell 39 cents t...
Federal Reserve policymakers were slightly more hawkish as to when the first rate hike will be made, according to an assessment of appropriate monetary policy releas...
Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. Labor market conditions have impro...
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