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Federal Reserve

Credit card interest rates are rising

by Marielle Segarra
Oct 9, 2018
The average rate is just over 17 percent, and it's expected to keep going up.
Joe Raedle/Getty Images
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Marketplace Tech Blogs

The Federal Reserve is taking on the digital divide

by Molly Wood
Oct 8, 2018
Almost 40 percent of rural America doesn't have access to broadband internet or reliable mobile service.
A reel tender helps install fiber-optic cable onto telephone poles in Louisville, Colorado, in 2001.
Michael Smith/Getty Images
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U.S. unemployment rate falls to 49-year low of 3.7 percent

by Associated Press
Oct 5, 2018
America's economic expansion is now the second-longest on record, having already surpassed the boom of the 1960s.
A store advertises that they are hiring in lower Manhattan on June 1, 2018 in New York, New York.
Spencer Platt/Getty Images
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After a layoff, moving home could relieve some financial burden

by Adrian Ma
Oct 3, 2018
According to the Federal Reserve Bank of Cleveland, nearly half of all workers will at some point in their career become “displaced” — that is, they will lose a job through no fault of their own. When that happens, getting back to the level of income earned before the displacement often takes years, if not […]
A worker packs a box with clothing while moving a family in Tiburon, Calif.
Justin Sullivan/Getty Images
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Here's the problem with low, low unemployment

by Tracey Samuelson
Sep 13, 2018
Unemployment in the United States currently stands at the low, low 3.9 percent. What’s not to like? A new paper from the Federal Reserve Bank of Boston argues that, historically, a low unemployment rate can signal trouble for the economy. It seems there is some danger in too much employment. Click the audio player above […]
Joe Raedle/Getty Images
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Divided Decade

The man in charge of TARP: "I'm proud of the actions that we took"

by Kai Ryssdal
Sep 4, 2018
Neel Kashkari on the 2008 financial crisis and what Congress would do if another crisis hits.
Neel Kashkari, former-interim assistant secretary for financial stability and assistant secretary for international affairs at the Treasury Department, waits for the start of the hearing by the Senate Banking, Housing and Urban Affairs Committee October 23, 2008, on Capitol Hill in Washington, D.C.
Joshua Roberts/Getty Images
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Will the inflation sweet spot be sweet for consumers?

by Scott Tong
Aug 30, 2018
Someone at the Federal Reserve is probably smiling right now. Six years ago, the Fed set a “target” rate for inflation, a Goldilocks level of 2 percent. Not too high, as in out-of-control prices and not too low, signaling a weak economy. Today, inflation has finally inched up to that target. So, what does that mean for […]
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Do "superstar" companies hold down wages?

by Reema Khrais
Aug 24, 2018
This week, central bankers, finance ministers and economists from the around the world flew to the mountain resort of Jackson Hole, Wyoming. They’re there for an annual economic symposium hosted by the Federal Reserve Bank of Kansas City. One focus of this year’s event is on so-called “superstar” firms like Amazon, which is a half-million […]
An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington.  
David Ryder/Getty Images
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The downsides of low interest rates

by Mitchell Hartman
Aug 21, 2018
President Donald Trump has long favored low interest rates, which are typically a boon for real estate developers. And he has criticized the Federal Reserve and the chairman he appointed, Jerome Powell, for pursuing a policy of gradual rate hikes initiated under former Fed Chair Janet Yellen. But maintaining a loose monetary policy could be […]
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Fed finds financial crisis cost the average American $70,000

by Mitchell Hartman
Aug 14, 2018
U.S. economic growth surged in the second quarter to 4.1 percent on an annualized basis. But that’s decidedly out of sync with the overall slow economic growth we’ve seen year after year since the Great Recession. A new report from economists at the Federal Reserve Bank of San Francisco suggests the financial crisis of 2008 shaved 7 […]
News tickers at the Nasdaq MarketSite show negative numbers October 9, 2008 in New York City. The Dow Jones industrials lost 678 points to close below 8,600 today as the financial crisis deepens.
Mario Tama/Getty Images
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