Supreme Court agrees to hear debit card ‘swipe fees’ case
The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Sen. Dick Durbin (D-Ill.) …
federal reserve
Top 5-Year CD Rates for August 2023
Even though 1-year CD rates are currently higher, opting for a high-yielding 5-year CD can still be beneficial in the long run. This is because it guarantees an excellent Annual …
Top 3-year CD Rates in August 2023
Today’s best 3-year CD rates are surpassing 4.00% APY, making it an opportune time to invest in a high-yield CD. CDs are available in various terms ranging from three to …
Federal Reserve Raises Interest Rates, Propelling Rates to Over 7%
Last week, mortgage rates saw a significant increase, surpassing 7%, as a result of a quarter-point rate hike from the Federal Reserve. This rate hike, which brings the benchmark borrowing …
Oil Prices: Market Tightening Sends Oil Towards Best Month since Early 2022
Oil headed for its biggest monthly gain in more than a year on signs the market is tightening, with estimates that crude demand is running at a record clip just …
Gold price forecast for the week ahead: Bullion appears weak, encountering resistance around $1965/$1987
Spot gold closed with a loss of $1 at $1959.20 in an eventful week. Gold got some boost from the peak rate narrative as both the European Central Bank and …
Credit Card Points: A Pending Bill Could Alter Their Value
A Senate bill targeting credit card “swipe fees” will not be included in the annual defense policy legislation. However, sponsors of the Credit Card Competition Act have reached a deal …
US stock market remains stable as Federal Reserve raises interest rates again
NEW YORK: Wall Street stocks shrugged off the latest Federal Reserve interest rate hike on Wednesday, finishing little-changed after a choppy session. The Dow Jones Industrial Average ended 0.2 percent …
Federal Reserve Abandons Predicting an Economic Downturn
After three years of a global pandemic that sent unemployment surging and plummeting, and a bout of inflation that saw prices grow at their fastest pace since the 1980s, the …
Federal Reserve Increases Interest Rates, Hints at Potential Future Hike
WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest US …