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Money and Monetary Policy

A collection of news and information related to Money and Monetary Policy published by this site and its partners.

Top Money and Monetary Policy Articles

Displaying items 12-22
  • Stocks plunge on worries about interest rate increase

    Stocks plunge on worries about interest rate increase
    Wall Street's long-running bull market got a jolt Thursday from investors increasingly worried that the improving economy will push policymakers to raise interest rates sooner than expected. Stocks have been tumbling this week, and Thursday's 317-...
  • The day ahead in business

    The day ahead in business
    Reports: June retail sales, import and export indexes, May business inventories, ICSC-Goldman Sachs and Redbook retail chain sales for period ending July 12 Local earnings: AAR Corp. Other earnings: Goldman Sachs Group Inc,, JPMorgan Chase & Co.,...
  • Yellen says economy must improve more before Fed raises interest rates

    Yellen says economy must improve more before Fed raises interest rates
    Warning of past "false dawns" in the economic recovery, Federal Reserve Chairwoman Janet L. Yellen said Tuesday that central bank policymakers need to be cautious about raising rock-bottom interest rates. Recent data indicate the economy has rebounded...
  • Fed Chairwoman Yellen says economic recovery incomplete

    Fed Chairwoman Yellen says economic recovery incomplete
    The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday. In a strong defense of...
  • Tapping retirement accounts penalty-free before 59 1/2

    Workers are retiring earlier these days, whether by choice or not, and many find they need to withdraw funds from retirement accounts prior to age 59 1/2. That's the age when account holders can take distributions from 401(k) plans and traditional and...
  • These are nationally available credit cards offering the lowest interest rates on purchases as of Jul. 16. If you typically

    pay off the entire balance monthly, look for a zero-annual fee card that allows the most interest-free or grace days. Some cards listed below feature special introductory or "teaser" rates for a specified time before regular rates apply. Additional...
  • The inflation alarms are still false

    The inflation alarms are still false
    There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV. Chicago-based...
  • Couple struggling with three loans on two houses

    By Ilyce Glink and Samuel J. Tamkin Q: My husband and I have a house outside of Atlanta that we have lived in for 30 years. We have a first mortgage and a home equity line of credit, and both still have balances. If we sell this house, we probably could...
  • Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%

    The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks. The...
  • Borrowers to get refunds for illegal interest charged on online loans

    Borrowers to get refunds for illegal interest charged on online loans
    Several companies involved in making and collecting online loans are banned from loaning money to Pennsylvania residents for three years and will pay to refund excessive interest they illegally charged, the Pennsylvania Department of Banking and...
  • Legislation seeks to cap interest rates on payday, car title loans

    Pennsylvania has laws that try to protect people from lenders that charge exhorbitant interest on payday and other loans. But with recent attempts to weaken those protections and allow for the return of payday loan stores, a federal lawmaker is...