The recent announcement from the Federal Reserve to leave interest rates unchanged has sent waves of disappointment through the market. This decision was made due to the persistent issue of inflation, which has proven to be stickier than anticipated. The CME’s FedWatch measure of futures market pricing indicates that the market is now pricing in
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The recent announcement by the Biden administration regarding the forgiveness of over $6.1 billion in student debt for former students of The Art Institutes has brought attention to the once prominent chain of for-profit schools. This relief will benefit 317,000 borrowers who attended any of the Art Institute campuses across the country between 2004 and
In a world of persistent inflation, higher interest rates may be sticking around for a while longer. This is good news for cash savers who are looking for ways to earn returns on their money, as they now have the best opportunity to do so in the last 15 years. According to Greg McBride, the
The U.S. Department of the Treasury recently announced that Series I bonds will offer an annual interest rate of 4.28% from May 1 through October 2024. This rate is linked to inflation and represents a decrease from the 5.27% rate that was available since November. Additionally, it is slightly lower than the 4.3% rate from
In a society where money is often considered a taboo subject, women tend to be among the most reluctant to engage in financial conversations. However, experts emphasize that not asking the necessary questions can hinder women’s financial progress. This reluctance is what prompted the establishment of Savvy Ladies, a women-focused nonprofit organization founded over 20
In the United States, there is a growing segment of the population known as ALICE, which stands for Asset Limited, Income Constrained, Employed. These individuals are households that earn above the poverty line but still struggle to make ends meet. According to the United Way’s United For ALICE program, nearly 40 million families, or 29%
As wedding and engagement season approaches, many couples are preparing to take the next step in their relationship by getting married. One of the most crucial conversations that newlyweds need to have is about finances. It is essential to have a plan in place for who will pay the bills and how they will be
The new U.S. Labor Department rule, issued on April 23, is set to bring significant changes to retirement investment advice, particularly concerning the rollover of money from 401(k) plans to individual retirement accounts (IRAs). The regulation, commonly known as the “fiduciary” rule, aims to enhance the standard of care for brokers, financial advisors, insurance agents,
As the upcoming elections approach, voters are not just selecting political parties but are also unknowingly casting a vote on the future of Social Security. The program is projected to pay out an astonishing $1.5 trillion in benefits to almost 68 million Americans monthly by 2024. Alarmingly, more than half of boomers set to reach
During this tax season, the IRS Direct File program has proven to be successful with over 140,000 taxpayers utilizing this free tax filing service. According to the U.S. Department of the Treasury and the IRS, the program was praised by 90% of the 15,000 users surveyed, with most rating their experience as “excellent.” Additionally, the