Columbus, OH

CBS News

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  Over the past couple of years, Americans dealt with persistent inflation in the U.S. economy. In an effort to keep inflation at bay, the Federal Reserve raised its benchmark rate several times — and now it remains near a 23-year high. As a result, this increased the interest rates for many consumer loans, including mortgages, making it too expensive for many people to buy a home.While mortgage rates remain relatively high — today's average 30-year mortgage rate as of...

Here's the mortgage interest rate forecast for fall 2024

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Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

The Federal Reserve confirmed it on Friday: “The time has come” for an interest rate adjustment. While he didn’t specify when rate cuts will begin, Chairman Jerome Powell’s comments at the Fed’s economic symposium support expectations of a cut as soon as the next Federal Open Market Committee Meeting in September.

Best CD Rates Today -- Lock in a High APY While You Still Can, Aug. 26, 2024

Contrary to what many believe in, investment research firm BCA Research sees that the economy is on the cusp of a recession. "There's things that are breaking down quite rapidly now," Garry Evans, BCA Research's chief strategist of global asset allocation said on CNBC's "Squawk Box Asia." Contrary to what...

A recession is coming in the U.S., and 'a few rate cuts' won't prevent it, says strategist

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

North Carolina State

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Roxboro, NC

Town Talks

According to Travel alot, Roxboro, North Carolina, holds the unfortunate title of the most miserable city in the state. Several factors contribute to this designation, including high poverty rates, low median household income, and high crime rates.

North Carolina City Named The 'Most Miserable' In The State

By law, the IRS must notify the State Department if an individual's federal tax debt is "seriously delinquent." This is a large federal tax debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored. If taxpayers don't remedy their overdue bill, the government...

The IRS has a method of 'last resort' to collect overdue taxes: Revoking your passport

Fed Chairman Jerome Powell said Friday that “the time has come for Fed policy to adjust”, suggesting interest rate cuts are finally on the horizon. The Fed’s dovish signal helped the Bitcoin (BTC) price to return above the $63,000 mark as the crypto market extended its recovery from the rout at the start of this month.

Bitcoin Retakes $63,000 As Fed Chair Jerome Says Interest Rate Cuts Are Coming Soon

We have reached a turning point in the battle against inflation. Federal Reserve Chairman Jerome Powell signaled today that interest rates will soon start coming down. (SOUNDBITE OF ARCHIVED RECORDING) JEROME POWELL: The upside risks to inflation have diminished. The downside risks to employment have increased. The time has come...

'The time has come' to lower interest rates: Fed Chair Jerome Powell

Las Vegas, NV

Zoreen Kabani was always passionate about style. "I love clothing, love fashion, love being coordinated," she says. She just didn't think she could make a career out of it. Kabani, 37, and now based in Las Vegas, spent the first decade or so of her career working in finance. In her native Pakistan, "it's still a point of expectation to be in some form of a traditional career path," she says. She was a financial analyst at Goldman Sachs then a banker and financial advisor at JPMorgan Chase.

37-year-old brings in more than $100,000 a month selling clothes on Whatnot: ‘Consistency is key’

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

Barbara Corcoran wants homebuyers to stop thinking so much about mortgage rates and enter the housing market. The 75-year-old real estate mogul has been in the business for over 50 years. Corcoran is also widely known as one of the original sharks on ABC's "Shark Tank," having appeared in all 15 seasons of the show.

Barbara Corcoran says to forget about interest rates, 'get out there' and buy a home

Reuters

(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday monetary policy is quite tight and is no longer aligned with current economic conditions, although he declined to provide specific guidance on what lies ahead for it.

Fed's Goolsbee: Current rate policy too tight for economy

The Motley Fool

Long-awaited interest rate cuts could be coming in September 2024. See why the Fed is likely to cut rates -- and if you should open a CD.

A Fed Interest Rate Cut (0.25%) Is (Probably) Coming in September 2024 -- Here's What It Means for Your Bank Account

Apple announced it will hold a press event at its headquarters in Cupertino, California, on Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch event will be streamed on Apple's website and YouTube. This year's invites include the tagline "It's Glowtime," a...

Apple announces iPhone event for Sept. 9

Salem, OH

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Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Thousands of parents die of overdoses; advocates say their kids need more help

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

Jackson, WY

Lower federal interest rates could be coming as soon as next month, although Federal Reserve Chair Jerome Powell declined to commit to an exact date when speaking Friday at an economic symposium in Jackson Hole, WY. The Fed raised rates 11 times from March 2022 through July 2023, so this...

Fed chair signals possible rate cut ahead of September meeting

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Markets Insider

There is talk of an emergency rate cut from the Fed following Monday's market meltdown, as Japan recovered most of its losses on Tuesday.

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed

NewsBreak

5 top money moves to consider before the Federal Reserve’s first rate cut since 2020

Federal Reserve Chair Jerome Powell signaled Friday that lower interest rates are coming soon. Everything from car loans and mortgages to credit cards will be impacted...

5 top money moves to consider before the Federal Reserve’s first rate cut since 2020

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