BestCashCow.com has been monitoring the best savings rates nationwide for over 15 years, and for the first 14 plus, the situation for the consumer was very straightforward.
You’d check to see what the best savings rate on... Read →
The Federal Reserve concluded its 2-day March meeting today with no change in the Fed funds.
The median forecast is for no change in interest rates through 2023 with 4 Fed officials seeing rate hikes in 2022 (up from 1 previously), and 7... Read →
The Democrats last controlled the Senate, the House of Representatives and the Presidency in the 111th Congress from January 2009 to January 2011. For most of that time, crude oil prices ranged from $100 to $120 a barrel. Oil prices... Read →
I was reading today that Tufts University, my alma mater, has received over 35% more applicants for the Class of 2025 than it received last year for the Class of 2024. And, that got me thinking how universities that are space constrained,... Read →
We are still in the midst of an horrific pandemic but we have vaccines going in arms now and that is a good time to look at how and when you are going to travel when this pandemic ends and it becomes easier to do so.
I last wrote in some... Read →
Federal Reserve Chairman Jerome Powell has ended 2020 with all sorts of dovish, benign language, holding monetary policy as easy as possible.
He isn’t forecasting any rate hikes before 2023, with only one Fed governor suggesting... Read →
Now that we are reaching the end of Jay Powell’s tenure as Chairman of the Federal Reserve, it is fair to say that the man has strayed from his pre-chairmanship policy positions when he had emphasized using Fed policy to promote price... Read →
Rates on savings products and CD products are incredibly low and have been for several months now. These are the times when people may be apt to fall for scams and take unnecessary risks. Don’t do it.
I made this same warning in... Read →
Morgan Stanley, Goldman Sachs and second-tier full service brokerages make a real market in structured notes. So-called "structured notes" are intricate products that carry the possibility of earning a much higher interest rate... Read →
As interest rates have come down dramatically, following the Fed’s emergency response to the virus, savings and money market rates have become very unappetizing. As of this writing, all major online banks have dropped their online... Read →
The Federal Reserve unanimously voted to leave interest rates unchanged when it concluded its two-day meeting today. The Fed funds rate remains at a target of zero to 0.25 percent. The Fed again signaled that it is prepared to keep... Read →
We’ve seen an incredible fall in interest rates over the last 12 months.
Bowing to political pressure, Fed Chair Jerome Powell began cutting interest rates on August 1, 2019 from a target rate of 2.25% to 2.50% and continued... Read →
We are receiving multiple emails every day from BestCashCow's readers who are furious about the pace of falling savings rates, money market rates and short-term CD rates. While we are the most comprehensive and up-to-date source of... Read →
The Federal Reserve has left the Fed Funds rate at zero to 0.25%, and projected no plans to raise interest rates through 2022. The good news is that it is still not considering negative interest rates in the US.
It is projecting a... Read →
Following the stock market’s incredible collapse in March and subsequent recovery, my inbox has been inundated with emails from readers writing to tell me that they are now 90% to even 100% in cash.
These emails come from people... Read →