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Federal Reserve Moves Fed Funds Rate to 4.75% to 5.00% for Its 9th Hike
The Federal Reserve acted today to increase the Fed Funds rate to a target of 4.75% to 5.00%, and said that additional policy firming may be appropriate. Many observers wanted the Fed to suspend raising rates, in light of the collapse... Read →
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The Federal Reserve’s 10th Hike in the 2022-2023 Cycle: Fed Funds Target is Now 5.00% to 5.25%
The Federal Reserve has raised its benchmark Fed Funds target to a 5.00% to 5.25% target at its May meeting that concluded today. Today’s move marks the Fed’s 10th hike since the beginning of 2022 at a 0 to 0.25% target, as the... Read →
Image Copyright: CNN
Jamie Dimon Is Correct – It Is Time to Ban the Short-Selling Of Banks
Jamie Dimon, JP Morgan Chase’s CEO and Tufts alumnus, appearing this morning on Bloomberg from Paris said that the largest regional banks with which he speaks are all in good financial shape. They, however, are exposed to the sudden... Read →
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1-Year CDs Offer Superior Returns to 1-Year US Treasuries for Everyone
1-Year Certificate of Deposit offerings remain quite strong. As of the date of this article, there are at least 8 online 1-year CDs being offered at 5.15% or higher. Depending on where you live, you will probably also find 1-year CDs... Read →
Image Copyright: Senator Kennedy
Louisiana Senator John Neely Kennedy Is Spot-On About Silicon Valley Bank
I don’t agree with Senator Kennedy much. Almost everything that he has said publicly since Trump emerged has been absurdly and blindly naive. His positions on the major social issues of our time indicate he wants to wage war on the... Read →
Texas Ratio: Bank Ratio for Analyzing Safety and Soundness
The Texas Ratio helps assess the health of a bank. It compares the amount of loan risk a bank has by the amount of reserves and capital a bank has at its disposal to cover those losses.
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Major Hotel Loyalty Program Valuation Comparison Chart
Program
Point Value (cents)*
Valuable Redemption Options**
Cards to Accrue Points
Radisson
0.2 (or 1.0 per dollar spent on the US... Read →
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Home Equity Line of Credit Versus Credit Cards
While both sources of financing - home equity lines of credit and credit cards - are revolving, or open-ended, and therefore can be used for the same types of expenses, it is important to know the differences between them so you can use them as wisely as possible.
Read →Rebuilding your credit can be difficult. But there are some ways you can increase your credit score these days. Credit cards for people with bad credit are one way to accomplish this goal.
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Opening A Savings Account to Use As An Emergency Fund
An emergency fund is a great way to help yourself stay out of debt. But what can you do in this economy to save money for your emergency fund?
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Inaccurate Hypotheses Being Circulated About Failures of Silicon Valley Bank and Signature Bank
There has been a lot of inaccurate information circulating in the media about what precipitated the failures at Silicon Valley Bank and Signature Bank, and what happens now. Let’s try and clear up at least six things that have been... Read →
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Full Bailout of Silicon Valley Bank and Signature Bank Depositors Leaves Uncertainty About FDIC Limits
The FDIC’s and Federal Reserve’s decision to cover fully deposits at both Silicon Valley Bank (SVB) Bank and Signature Bank leaves some uncertainty about whether banks’ deposits are fully insured above $250,000 per... Read →
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Is the US Economy Being Pesoized by Inflation?
"Pesoization" typically refers to a process in which a country's citizens or investors lose faith in their own currency and begin to use a more stable currency for transactions and savings. The US dollar is the... Read →
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Is the Risk of A US Treasury Default Rising?
The US Treasury has never defaulted on its debt obligations in its history, and it is ordinarily considered extremely unlikely to do so. The US government has a high credit rating and is considered a safe haven for investors... Read →
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