Today's mortgage rates are mixed, though shorter terms have lower rates | June 15, 2023
Check out the mortgage rates for June 15, 2023, which are mixed from yesterday.
Legislative bill seeks to make expanded child tax credit permanent
House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.
Retail sales rise again in May as inflation shows signs of cooling
The Commerce Department reported Wednesday that retail sales climbed 0.3% in May, increasing more than expected as consumers continued to open their wallets.
Fed hits pause on June interest rate increase, but forecast calls for additional hikes
The Federal Reserve did not increase rates in June, which means the federal funds rate will remain in a targeted range of 5% to 5.25%, the highest level in 16 years.
Fed Chair Powell's rhetoric won't destroy the economy: Quincy Krosby
BNP Paribas chief U.S. economist Carl Riccadonna and LPL Financial chief global strategist Quincy Krosby react to Fed Chair Powell saying no decision on a July rate move has been made on 'The Claman Countdown.'
Fed doesn't have the guts to hike rates two more times in 2023: Jon Najarian
SlateStone Wealth chief market strategist Kenny Polcari and Market Rebellion co-founder Jon Najarian discuss whether the Fed's rate pause is cause for markets to celebrate on 'The Claman Countdown.'
Powell is concerned about the evolving financial crisis: Peter Schiff
NatAlliance Securities global fixed income head Andy Brenner and Euro Pacific chief economist Peter Schiff react to the Fed's decision to pause rates on 'The Claman Countdown.'
Fed significantly upgraded their view of US economy: Danielle DiMartino Booth
QI Research CEO Danielle DiMartino Booth and UBS Private Wealth Management managing director Alli McCartney discuss whether the Fed will continue to 'aggressively' shrink its balance sheet on 'Making Money.'
Private student loans continue to edge down for 5- and 10-year loans
The latest private student loan interest rates from the Credible marketplace, updated weekly.
A Fed pause likely won’t help struggling consumers
While investors are optimistic the Federal Reserve will pause interest rates this month, the move is unlikely to bring relief to stretched consumers holding credit card debt and variable rate loans.
Fed is giving bad guidance if they pause rates now, hike later: Joe Moglia
Former TD Ameritrade CEO Joe Moglia analyzes the perplexing bull market and discusses the Fed's inflation strategy on 'Cavuto: Coast to Coast.'
Today's lowest mortgage rates? Shorter terms remain below 6% | June 14, 2023
Check out the mortgage rates for June 14, 2023, which are mixed from yesterday.
CFPB warns about side effects of using medical credit cards, loans
Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.
Stock market doesn't care about economic data: Eddie Ghabour
Key Advisors Wealth Management co-founder and CEO Eddie Ghabour reverses his position and now says stocks are not likely to hit new lows this summer on 'Varney & Co.'
Student loan payments will resume in October, Education Department confirms
Federal student loan payments are set to resume in October, while interest on loan debt will begin once again in September, the Education Department clarified.
Cash usage amongst Gen Z on the rise compared to 12 months ago
‘The Ramsey Show’ co-host Jade Warshaw joined ‘Mornings with Maria’ to discuss the recent rise in use of paper money amongst Gen Z.
Inflation drops in May, but not enough to slow interest rate hikes
Inflation dropped in May, reaching nearly half of its peak last Summer. And while the decrease could cause the Fed to pause its rate hikes in June, the rate hikes could continue this year.
Stew Leonard Jr. forecasts when shoppers might see some grocery relief
Stew Leonard's President and CEO Stew Leonard Jr. discusses why consumers are still paying top dollar for food as inflation subsides on 'The Claman Countdown.'
Inflation breakdown: High rent, food prices remain uncomfortably high in May
The Labor Department said inflation cooled sharply in May, but prices remained uncomfortably high as the price of foods, used cars and rent marched higher.
Today's mortgage rates are mixed, but 10-year terms remain lowest | June 13, 2023
Check out the mortgage rates for June 13, 2023, which are mixed from yesterday.