Columbus, OH

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  While inflation has been cooling over the last few months, it has remained higher than the Federal Reserve's 2% target rate for the last few years. In turn, the Fed has held interest rates steady since raising the benchmark interest rate to a range between 5.25% and 5.50% in July 2023. While the elevated rates have weighed down the housing market, they've been a boon for savers who want to open certificates of deposit (CD) accounts with higher annual percentage...

Will a CD still be worth it after the Fed cuts rates? Experts weigh in

(Reuters) -Atlanta Federal Reserve President Raphael Bostic is open to an interest rate cut in September, he told the Financial Times in an interview published on Thursday, adding that the U.S. central bank can't "afford to be late" to ease monetary policy. "I'm open to something happening in terms of...

Fed's Bostic Open to September Rate Cut, FT Reports

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

With the Fed expected to lower rates in September, it's a smart time to open CDs that guarantee today's great returns well into the future. Below we lay out more than 30 excellent options for locking in a CD rate until 2026, 2027, or even 2028–2029—with returns up to 5.25%.

The Best CDs to Lock in a Rate Until 2026 to 2029—Before the Fed Cuts Rates

People are getting impatient with the Federal Reserve.

The Fed is about to do something it hasn’t done since the pandemic

A proposed class-action lawsuit alleges that in April 2024, a hacker group called USDoD stole the personal information of 2.9 billion individuals — including social security numbers, addresses, dates of birth and phone numbers, as reported by Bloomberg Law. News like this can feel understandably scary, since identity theft...

If you're worried that your Social Security number was leaked, these services can help

Walmart said inflation was flat in its latest quarter, and revenue growth came from selling more items and drawing more visits to its stores and website, rather than higher prices. Yet prices have remained high in some parts of the store, such as dry groceries and processed foods. Prices at...

Walmart says prices are coming down — except in one key area

Michael Kantowitz, Piper Sandler chief investment strategist, joins 'Power Lunch' to discuss markets, Fed cuts and the jobs report.

The picture is still very mixed for economic cycle, says Piper Sandler's Michael Kantowitz

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Travis McCourt, Raymond James institutional equity strategist, joins 'The Exchange' to discuss the markets as he anticipates a third unwind coming for the markets.

Raymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumer

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

Former Google CEO Eric Schmidt said in a recent talk at Stanford that tech giants are planning for increasingly large investments into Nvidia-based AI data centers. "I'm talking to the big companies, and the big companies are telling me they need $20 billion, $50 billion, $100 billion" in AI infrastructure, Schmidt said.

Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: 'You know what to do in the stock market'

Forbes Advisor

Rates on savings accounts are mixed compared to one week ago. You can now earn 5.84% or higher on your savings. In the market for an account where you can save for a rainy day or retirement? Here’s a look at some of the best savings rates you can find today.

High-Yield Savings Account Rates Today: August 6, 2024

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve. Spot gold inched higher 0.3% at $2,455.79, after rising as much as 0.9% earlier in the session. U.S. gold...

Gold pares gains as dollar, bond yields climb after strong U.S. data

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

When he was 27 years old, Bernard Meyer moved from the U.S. to Lithuania: the world's happiest country for young people. After over a decade in the northeastern Europe country, he says earning less money is worth the sacrifice for a much better quality of life. Meyer, a senior communications...

Earn less, relax more: An American who moved to Lithuania describes life in the world’s happiest country for young people

Growing up in rural Michigan, Nina Job got familiar with peers and people in her community following a "traditional trajectory." That meant "you go to college, you get married, you have 2.5 kids, you know — happy home, white picket fence type-thing," she tells CNBC Make It. But moving...

'Neither of us feel interested': More Americans don't want kids, and it's not just because of the money

NewsBreak

Bank of Japan will take longer to hike rates given the yen's rapid strengthening, BMI says

The Bank of Japan will adopt a more cautious approach to hiking interest rates after the recent global market turmoil and to avoid rapid appreciation in...

Bank of Japan will take longer to hike rates given the yen's rapid strengthening, BMI says

Comments / 0