The Federal Reserve acted today to lower the target Fed Funds rate by a quarter point. This follows the July 31 quarter point reduction of the rate. The Fed Funds rate had stood at a post-crisis high of 2.25% to 2.50% earlier this year,... Read →
A well-known online bank recently dropped its savings rate by 15 basis points, and that action prompted me to close my account there and move the entire balance into a one-year CD at another bank.
When the bank’s manager called to... Read →
Trump tweeted at 8:22 AM this morning:
"I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either. Where... Read →
Donald Trump continues to obfuscate in the interest of achieving his goals. Hurricane Dorian presented him with an opportunity to try and change the narrative. Rather than simply dismiss a minor gaffe regarding Alabama and the path of... Read →
A good friend of mine in money management who I ordinarily think very highly of told me this weekend that he likes the 15-year US Treasury bond. I’ve also seen this same endorsement of the longer term US Treasuries from money... Read →
It is the end of the summer and Labor Day is upon us. It is a nice time of the year. Unfortunately, conservative savers this year are faced with a dilemma of declining savings rates ahead of a Federal Reserve meeting in September where... Read →
Interest rates have collapsed over the last several weeks and that may be good news for those interested in remortgaging or buying a new property. It is also good news for anyone considering taking out a new home equity loan or line of... Read →
In this day and age, it is hard to take everything that you see and hear at face value. That’s true of the news this morning that Jeffrey Epstein died by suicide.
Epstein was being held in a Federal prison in New York where... Read →
It is August and that means that you should be at the beach. While you are there, we suggest you draw a line in the sand.
Last week, the Federal Reserve moved to lower the Fed Funds rate to a range of 2.00% to 2.25%. In... Read →
I recently stayed for three nights at the Hyatt Regency in Tokyo. The hotel was clearly Hyatt’s flagship property in Japan when built in 1980. And, while it has seen finer days and the rooms have not been recently renovated, it is... Read →
I recently flew Delta One from Minneapolis to Tokyo. While I used to fly Delta all the time to Europe when it dominated routes from Atlanta and New York to Germany, Spain and Moscow, it has not been my airline of choice for many years. ... Read →
Fitness Bank is a new subsidiary of Georgia-based Affinity Bank and has unveiled a savings offer that will be interesting to some.
The bank aims to encourage a healthier lifestyle and therefore will reward savings customers based on... Read →
Jerome Powell has been testifying in front of Congress for the last two days. You have no doubt heard snippets of his testimony on the evening news or in the financial media. Of note, if Trump calls him to fire him, he will say... Read →
We have experienced a dramatic fall in interest rates in the US and following the Fed’s most recent meeting in June, CD rates greater than 1-year have come in dramatically. Most recently one-year CD rates and even some online... Read →
The Federal Reserve concluded its 2-day June meeting leaving the Fed Funds rate unchanged. As it tries to remain independent of an unrestrained Executive branch that is compaigning for sharp cuts, it removed the word... Read →