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Mnuchin will be responsible for trillions of dollars but totally ignorant of the important difference between LESS AND FEWER.

After over 20 years as the leaders in financial news, CNBC has given up their efforts to provide any meaningful financial market analyses.

London Oddsmakers are out with their odds for the 4 Copa America Centenario quarterfinals matches.

They say there are no guarantees in life and that is generally true. But there is a way that many of you can earn thousands more dollars without doing any significant work, guaranteed. This is no hoax or a joke. Interested? Read on.

Capital One is currently offering a 6 month promotional rate of 1.25% on new savings accounts opened at branches in New York, New Jersey, the District of Columbia, Virginia, Maryland and Texas with balances between $10,000 and $1 million.

The Federal Reserve announced today that it would continue to purchase $85 billion per month of mortgage and treasury bonds. Mortgage rates and CD rates had begun to rise in expectation of tapering and this move will act to depress rates for the next couple of months.

Bond rates spiked over the last month causing mortgage rates to rise significantly. What was the impact on savings and CD rates?

The economy continues to see-saw back and forth between good and poor economic news. Average bank deposit rates have responded by slowing their decline. Top rates are holding. Read on to see what I think the rate future holds.

The impact on savings and borrowing rates is expected to be minor.

Savings and CD averages continue to fall. Top savings rate remains steady at 1.05% APY. Top online CD rate steady at 1.75% APY. The economy seems to be gaining momentum as jobs and leading indicators all come in above forecasts.

Top online savings rate holds at 1.05% APY. Top CD rate steady at 1.75% APY. Reward checking still paying 3.01% APY. Average rates continue to trend down.

Savings rates continued their relentless march, like zombies in some horror movie, moving mindlessly lower and lower. Average one-year CD Rates dipped from 0.368% to 0.366% APY. Three year average CD rates dropped from 0.730% to 0.726% APY. Five year average CDs dropped to from 1.071% to 1.066% APY. The only good news on the savings front is that average online savings rates remained steady at 0.705% APY for the second week in a row. We remain on pace to see a sub 1% average APY on a 5 year CD rate by August or September.

Top online CD rate drops to 1.75% APY. Top online savings rate steady at 1.05% APY. Outlook: Rate will continue to trend down.