High CD interest rates may not stay where they are for much longer. Here's what to expect this April (and beyond).
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer goods going forward.
To think about what the Federal Reserve aims to do whereby it would price control the most important price in the world other than the dollar is to know that the Fed controls nothing. Evidence that it controls nothing can be found in the happy truth that the U.
President Trump is pushing an aggressive policy against America's main trading partners that economists broadly agree will drive up inflation.
If the Federal Reserve is successful in bringing inflation down, it might decide to begin lowering the federal funds rate at some point — and interest rates on consumer products will follow.
President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged.
President Donald Trump urged the Federal Reserve Board to "do the right thing" and give him the lower interest rates he'd like as more tariffs are slated to take effect April 2. The Fed held interst rates steady on Wednesday.
Business savings accounts typically offer lower interest rates than personal high-yield savings accounts. While rates fluctuate based on market conditions and Federal Reserve policy, most standard business savings accounts provide an annual percentage yield (APY) ranging from 0.01 percent to 1.00 percent.