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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 »

Interest Rates Stay Low Says FOMC

Posted by: RateAPY Bank Rates News
April 28th, 2010

The FOMC concluded their most recent two-day meeting by leaving the Fed Funds Rate unchanged, yet again. The current 0.000% - 0.250% has been in place for more than a year. According to today’s press release, “economic activity has continued to strengthen.” Despite the positive comment on the economy, the FOMC believes interest rates will ... Read more »

Banking Reform Legislation Stirs Up Controversy

Posted by: RateAPY Bank Rates News
April 22nd, 2010

There is nothing like a really horrible crisis to make you smarter. Senator Chris Dodd is trying to learn from the US economy’s recent near collapse and prevent another near financial melt down through his new legislation, Restoring American Financial Stability Act. No one can seriously argue against ... Read more »

New Banking Regulation Aimed To End Bailouts

Posted by: RateAPY Bank Rates News
April 15th, 2010

Senator Chris Dodd (D-Conn), Chairman of the Senate Banking Committee, says legislation aimed at reforming banks could be considered as soon as April 26, 2010. The legislation is very controversial and is expected to be strongly opposed by giant banks like Bank of America, JPMorgan Chase, Wells Fargo and Citigroup.
FDIC Chairman Sheila Bair has advised ... Read more »

Interest Rate News: Bernanke Testifies To Joint Economic Committee

Posted by: RateAPY Bank Rates News
April 14th, 2010

Federal Reserve Chairman Ben Bernanke testified this morning before the Joint Economic Committee of Congress. Interest rates should remain low while the Chairman expects economic growth and recovery to be slow. His tone was cautious as he stated, “if the pace of recovery is moderate, as I expect, a significant amount of time will be ... Read more »

Interest Rate News

Posted by: RateAPY Bank Rates News
April 13th, 2010

Tomorrow morning at 10am ET, Federal Reserve Chairman Ben Bernanke will be questioned about the strength of the U.S. economic recovery by the Joint Economic Committee of Congress. Investors will once again be scrutinizing every word of Mr. Bernanke’s comments to determine if the Federal Reserve might raise interest rates soon.
Interest Rates Could Remain Low ... Read more »

Interest Rate News: FOMC Minutes Released Today

Posted by: RateAPY Bank Rates News
April 6th, 2010

The Cycle Around Interest Rate News
The cycle of news around interest rates moves like this: predictions are made about whether or not the FOMC will change interest rates; the FOMC meets; the FOMC releases a statement; then, weeks later, the full minutes of the meeting are released. At each point in the cycle, investors and ... Read more »

Prime Interest Rate Predicted to Remain Unchanged

Posted by: RateAPY Bank Rates News
March 31st, 2010

The Federal Reserve’s Federal Open Market Committee (FOMC) will meet again on April 28, 2010, to determine whether or not to raise interest rates. Traders are making predictions about the likelihood of an interest rate move by the FOMC.
Futures Trading an Indicator of Pime Interest Rate
As of today, as indicated by the traders of Fed ... Read more »

Bernanke Said Interest Rates To Remain Low

Posted by: RateAPY Bank Rates News
March 25th, 2010

As mentioned earlier in the week, today, Thursday March 25, 2010, Federal Reserve Chairman Ben Bernanke gave his scheduled testimony to the House Financial Services Committee regarding how the Fed intends to unwind the extraordinary measures used to save the economy. The Feds actions over ... Read more »

This Week’s Economic News Will Affect Bank Interest Rates

Posted by: RateAPY Bank Rates News
March 22nd, 2010

Bank Interest Rates Respond to Latest News
Last night’s vote on the health care bill should have positively effected either stocks or bonds, but not both. Today both markets are up, which likely means one is false and will have to correct in the days to come. How that correction manifests could ultimately affect the interest ... Read more »