Compare Rates Now
Despite Increasing Consumer Investments, Recovery Won’t Feel Good Says Bernanke
Posted by: RateAPY Bank Rates News
June 15th, 2010
Modest Economic Growth
In a recent interview with Sam Donaldson, Federal Reserve Chairman Ben Bernanke said the U.S. is recovering from the Great Recession but that recovery won’t feel good. The economy is growing for the 4th straight quarter but only at a rate of about 3-3.5%.
Investments Not Strong Enough to Outpace Unemployment
Consumer investments and spending ... Read more »
- Posted in Federal Reserve | Government | Interest Rates | Investing 1 Comment »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
One-Year Certificate of Deposit from Ally Bank Earns 1.49% APY
Posted by: RateAPY Bank Rates News
June 15th, 2010
If the Federal Reserve increases interest rates, consumers are more likely than ever to open a certificate of deposit (CD) to lock in guaranteed interest for a specific term. In the meantime, savers can compare rates online to find the best interest rates.
Ally Bank offers a wide range of CDs that ... Read more »
- Posted in Bank Deals | Bank News | CD Rates | Federal Reserve | Interest Rates | Savings No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Raising Interest Rates Recommended by Fed Pres Bullard
Posted by: RateAPY Bank Rates News
June 14th, 2010
As mentioned in a previous Money News blurb, three Federal Reserve Bank presidents were openly talking about the FOMC beginning to raise interest rates. Now a fourth may be joining their camp.
Higher Interest Rates Urged by Another Fed Pres
James Bullard, president of the St. Louis Federal ... Read more »
- Posted in CD Rates | Federal Reserve | Government | Interest Rates | Money Market | Savings No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Another Fed Pres Wants to Raise Interest Rates
Posted by: RateAPY Bank Rates News
June 7th, 2010
The first Federal Reserve bank president to openly talk about tightening interest rates was Thomas Hoenig, president of the Federal Reserve Bank of Kansas City. He is a voting member of the FOMC and has been the lone dissenting voter on current monetary policy.
More Fed Presidents Favor Raising Interest Rates
Last month ... Read more »
- Posted in CD Rates | Federal Reserve | Government | Interest Rates | Money Market | Savings 1 Comment »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Interest Rates Likely to Remain Low Due to Low Inflation
Posted by: RateAPY Bank Rates News
June 3rd, 2010
Analyst Predicts Low Inflation
Ray Dalio of Bridgewater Associates spoke to SmartMoney.com and offered a prediction that inflation would remain low. Low inflation means the Federal Reserve will likely keep interest rates low to stimulate the economy.
Refinancing–But No Debt Reduction
Dalio’s interesting commentary included these points:
Governments around the world are printing money like never before, but with ... Read more »
- Posted in Debt | Federal Reserve | Government | Interest Rates | Investing No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Fed President Has Higher Interest Rates in Mind
Posted by: RateAPY Bank Rates News
May 31st, 2010
Jeffrey Lacker is the President of the Federal Reserve Bank in Richmond, Virgina. He is not yet a voting member of the FOMC but does attend and contribute to the FOMC meetings on interest rates. He is beginning to make statements about his bullish view on the U.S. economy and the possibility of higher interest ... Read more »
- Posted in Federal Reserve No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Money Market Account from Gogebic Range Bank Earns Over 2% APY
Posted by: RateAPY Bank Rates News
May 24th, 2010
Interest Rates Likely to Remain Flat
The minutes of the Federal Open Market Committee meeting of April 27-28 were published May 19 by the Federal Reserve. They did not make happy reading for savers, because the committee’s position on interest rates–that they should remain at “exceptionally low levels…for an extended period”–remained unchanged.
That, of course, means that ... Read more »
- Posted in Bank Deals | Bank News | Federal Reserve | Interest Rates | Investing | Money Market | Savings | Uncategorized No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Interest Rate News: FOMC Minutes Released
Posted by: RateAPY Bank Rates News
May 19th, 2010
The Federal Reserve’s Federal Open Market Committee(FOMC) meets eight times a year–about every six weeks–to discuss U.S. monetary policy. The most recent meeting was April 27-28. Three weeks after the meeting, the minutes are released. Today, the minutes from the April 27-28 meeting were released. They ... Read more »
- Posted in Federal Reserve | Government | Interest Rates No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Savings Is Main Event with 1.66% APY from Main Bank
Posted by: RateAPY Bank Rates News
May 19th, 2010
Savings Accounts Aren’t All the Same
It is an unpalatable fact, but most savings accounts still are not paying the sorts of interest rates that savers need to maintain a reasonable lifestyle. Worse, the Federal Reserve’s Federal Open Market Committee says that it expects interest rates to remain low “for an extended ... Read more »
- Posted in Bank Deals | Bank News | Federal Reserve | Interest Rates | Investing | Savings | Uncategorized No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Bad Credit Will Cost You More
Posted by: RateAPY Bank Rates News
May 11th, 2010
The Federal Reserve recently tightened regulations on credit card companies making it harder for them to raise interest rates. This has caused a back lash from the larger companies because it restricts how they manage bad credit risk. In the past, when a customer missed a payment, they could raise the interest rate in line ... Read more »
- Posted in Debt | Federal Reserve | Interest Rates No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
