Would you be upset if you found out your partner had a credit card you didn’t know about? On the flip side, have you ever…
Key takeaways An emergency fund helps ensure you can handle unplanned expenses, whether from a job loss or a substantial car repair or medical bill. Saving three to six months’ worth of essential expenses is…
Key takeaways The NCUA (National Credit Union Administration) insures credit union deposits up to $250,000 per depositor, per institution, per ownership category. NCUA insurance provides the same protection as FDIC insurance at banks. Both are backed by the full faith and credit of the U.S. government. Joint accounts receive $250,000…
Key takeaways CD early withdrawal penalties typically cost 60 to 365 days of interest, with longer terms carrying steeper penalties. Breaking a CD early may be worth it if you need funds to avoid high-interest debt, make a major down payment, or lock in significantly higher rates. CD early withdrawal…
Federal Reserve Chair Jerome Powell said that policymakers are hearing that a significant segment of American consumers are still looking to “economize” their purchases and trading down as they feel the effects of stubborn inflation on their household budget. Powell spoke at a press conference Wednesday after the central bank left…
Federal Reserve Chair Jerome Powell was asked about his future at the central bank beyond the end of his term in May and also offered some advice to his successor. Powell spoke at a news conference Wednesday after the central bank left interest rates unchanged at its January meeting after it…
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Federal Reserve policymakers are expected to hold interest rates steady when they conclude their first meeting of the new year on Wednesday, as central bank officials look to navigate stubborn inflation and a softening labor…
