ShareTweet For the first time in a while, it looks like there might be some division among the Federal Reserve’s policy setting members regarding when the central bank should begin to tighten its easy money policies that have been credited with keeping the U.S. economy afloat during the worst economic downturn since the Great Depression. […]
Personal Spending, Income and Savings Up in November
ShareTweet According to the Commerce Department, personal income climbed 0.4% during November, which is the largest increase in the past six months. Additionally, personal spending increased by a modest 0.5% in November as well. While it’s good to see these numbers increasing, it should be noted that the gains in both personal income and personal […]
When Should The Fed Start to Raise Rates?
ShareTweet According to an article by Chris Isidore of CNNMoney.com, a vast majority of economists expect that the United States Federal Reserve will keep its overnight lending rate – to which many home equity and credit cards interest rates are tied – near 0% through 2010 and into 2011. Obviously, this is great news for […]