Cash savers still have an opportunity to beat inflation. Here’s how

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on... Read more »

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.  Eric Baradat | AFP | Getty Images Federal Reserve... Read more »

Fed officials still expects rate cuts this year, but not anytime soon

Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Mester also indicated that the long-run path... Read more »

As ‘guilt tipping’ gets out of control, consumers start pushing back

“Customers are being asked to tip at the more traditional service encounters [and] also app-based services, ride-share and delivery apps. This gives the perception that tipping is everywhere, which does seem the... Read more »

Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push... Read more »

Time running out for rate cuts, Jim Bianco warns before Fed meeting

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on... Read more »

Why consumers might be getting less for their money

Pixelseffect | E+ | Getty Images Some grocery store products are providing less for your money. And everyone from President Joe Biden to Cookie Monster has noticed. Blame shrinkflation. The term —... Read more »

US CPI fears spill over to Europe: inflation France 2024

Central banks everywhere were given pause for thought yesterday, when United States Bureau of Labor Statistics revealed that US PPI (the Producer Price Index) had doubled in just one month, rising from... Read more »

Why Social Security cost-of-living adjustment may be smaller in 2025

Peopleimages | Istock | Getty Images High inflation has prompted higher Social Security cost-of-living adjustments. But as the rate of price growth subsides, the annual increases for Social Security may fall in... Read more »

Raising your credit score can help you save $92 per month: report

With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to... Read more »

Venezuela Inflation Cooled to Decade Low in January 2024 on Chevron Dollars

After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade. The monthly inflation print... Read more »

Biden calls shrinkflation a ‘rip off.’ How to spot downsized products

Anna Bizon | Gallo Images Roots Rf Collection | Getty Images President Joe Biden took to social media ahead of the Super Bowl on Sunday to take a jab at snack companies... Read more »

World Economy Latest: Slower US Inflation Is Set to Fuel Fed Cut Optimism

The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming... Read more »

Why one expert called earned wage access ‘payday lending on steroids’

Fotostorm | E+ | Getty Images Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price. So-called “earned wage access”... Read more »

Affluent millennials more likely to exaggerate finances to appear wealthy

Ascentxmedia | E+ | Getty Images High inflation has prompted even well-to-do Americans to rethink their spending habits. But one group — affluent millennials — are more likely to lie or exaggerate... Read more »

Many Americans cannot pay for an unexpected $1,000 expense. Here’s why

Brand X Pictures | Stockbyte | Getty Images When faced with an unexpected $1,000 expense, more than one-third of Americans would borrow the money, according to a new Bankrate survey. That may... Read more »

Why the Inflation Shock Matters for Mortgages

It’s all about expectations. Source link Read more »

Why 2024 will be ‘a very good year for savers,’ particularly with CDs

Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the... Read more »

Here’s where prices fell in December 2023, in one chart

Extreme-photographer | E+ | Getty Images As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices... Read more »