Bank of Japan’s Interest Rate Moves and the Record Price of Gold

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. I realise I’ve... Read more »

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 »

Rolex CEO Tells NZZ Dangerous to Compare Watch, Stock Investment

The head of Rolex SA said viewing luxury watches as investments is dangerous following a surge in interest from speculators during the pandemic. “I don’t like it when people compare watches with... Read more »

New ETF looks to profit from municipal bonds

A new ETF is trying to capture profits in the municipal funds space. BondBloxx’s Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) — which launched less than a month... Read more »

Bernanke Tips BOE Toward ‘Scenario Forecasts’ Over Fed Dot Plots

Ben Bernanke put the US Federal Reserve on the cutting edge of economics 12 years ago by collecting policymakers’ forecasts, including their outlook for interest rates, into groups of “dot plots.” This... 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 »

Turkey Eases Rules on Forced Bank-Buying of Government Bonds

Turkey further eased regulations forcing banks to buy government bonds and reduced a security maintenance ratio again in its latest steps to end punitive measures on lenders. The monetary authority scrapped forced... Read more »

Wall Street Just Doesn’t Get It on Retirement

As a retirement economist — not to be confused with a retired economist, which are rare — I often find myself talking to Wall Street types who happen to be in charge... 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 »

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 »

What to Know Filing 2023 Taxes: Interest Income, Roth IRA Limits, Direct File

Americans who enjoyed capital gains from a rallying stock market or interest from high-yield savings accounts in 2023 may have a few surprises waiting for them in their tax bill. That’s emerging... 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 »

Interest Rate Rises Have Lingering Effect on UK House Prices

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. A quick programming... Read more »

President Biden floats $10,000 first-time homebuyers tax credit

Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However,... Read more »

Money-Market Assets Hit Fresh Record for Second Straight Week

Money-market fund assets rose to a fresh record high for the second straight week on expectations short-term rates will remain elevated for longer after traders reined in bets on the first Federal... Read more »

Asian Stocks to Track US Rally on Powell Optimism: Markets Wrap

Asian equities were primed for gains after US stocks rose Thursday in a rally helped along by positive signs from central banks and ahead of jobs data that will help identify the... Read more »

What to watch with Fed Chair Powell heading to Capitol Hill Wednesday

Jerome Powell, chair of the Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on June 21, 2023. Nathan Howard | Bloomberg | Getty Images Federal Reserve Chairman Jerome... Read more »

More Black women are becoming homeowners — it doesn’t mean it’s easier

Kali9 | E+ | Getty Images Black women are outpacing Black men when it comes homebuying. Single female homebuyers are most common among Black women, representing 27% of Black homebuyers, according to... Read more »