New York Fed’s president John Williams says raising rates would be a positive event for the U.S. economy.
On Friday, New York Fed President John Williams said the Federal Reserve raising interest rates next year would signal the central bank good feeling about the country’s economic recovery. In an interview with CNBC’s Steve Liesman on Squawk Box, “I go into …
As Investors Worry About A Potential Economic Slowdown, The S&P 500 Falls 1%
On Wednesday, stocks fell as investors kept an eye on signs of a possible economic slowdown and kept a close watch on the bond market. The Dow Jones Industrial Average shed 269.24 points, or 0.81%, to close at 32,910.90. The S&P 500 …
Bank of America’s Hartnett Sees ‘Pain and Exit’ If S&P 500 Dips Below 4,000
According to Bank of America Corp. strategists, a drop below 4,000 index points for the S&P 500 will be a “tipping point,” potentially triggering a mass exodus from equities. Investors have already started fleeing stocks, with outflows from equity funds over the …
American citizens’ panic as Federal Government ends unemployment benefits Sept 4.
Last year, the Federal Government increased the safety net for those who don’t have a job to a historic degree. Most notably about this action was that the U.S. was experiencing a quick economic downturn in its history. In March 2020, the …
Debunking Common Personal Loan Myths
In recent years, financial data shows that Americans are more likely to use a credit card than any other mode of payment when they can’t pay for something in cash. The second most popular option, however, is taking out a personal loan. …
Tips to Avoid Defaulting on Your Student Loans
Many people find it necessary to take out student loans in order to fund their education. While it is usually a worthwhile endeavor, it also means paying that debt back monthly after graduation. Late or skipped payments make a loan delinquent, and …
Speaking Finance: How to Understand Personal Loan Terminology
Financial terms, in general, tend to be confusing. This is certainly the case with personal loan terminology, which is why it’s helpful to have a glossary to refer to when trying to decipher loan documents. Click below for a comprehensive resource to …
Why Personal Loans Can Be Useful Tools for Older Americans
Although younger people are the most common consumers of personal loan products, they can be great tools for senior citizens, too. What’s more, older adults hold several advantages when it comes to applying for loan assistance. They have had decades to build …
Six Common Reasons to Get a Personal Loan
Personal loans are a type of unsecured credit that is generally very flexible. In fact, you can use them for a multitude of reasons, both planned and unplanned. Click through to learn six common reasons people opt to use personal loans for …
Understanding Loan Default
Most people who take out a loan have every intention of paying it back on time. However, life can get in the way of our best-laid plans, meaning loan defaults happen fairly frequently. Read on to learn what default means for your …
