Articles tagged in the Federal Reserve

03.24.10

Savings and Credit, an Interest Rate Round-up

anastasia

A report from the latest Federal Open Market Committee meeting notes that, “The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions… are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” In other words, speculation surrounding the raising of

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03.15.10

Savings and Credit, an Interest Rate Round-up

anastasia

On Tuesday, the Federal Open Market Committee will meet to discuss the outlook of the benchmark interest rate in the coming months. Any dissent among the ten members to Chairman Ben Bernanke’s statements that rates “will remain low”, may change the Fed’s policy going forward. Stay tuned here for updates on the meeting’s progress. See this week’s interest rates from

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03.12.10

Bank of America, Banking on Overdrafts?

anastasia

// < ![CDATA[ tweetmeme_url = 'http://www.billshrink.com/blog/7898/bank-of-america-overdraft/'; // ]]> Bank of America is going ahead with a new overdraft policy, announced Wednesday, intended to protect customers by avoiding account overdrafts. This action comes in advance of the Federal Reserve’s July 1 deadline for banks to comply with new opt-in overdraft regulation. Overdraft fees are a more than $100 million dollar business

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02.05.10

Time to Borrow: Consumer Credit Rebounds from 11-Month Decline

anastasia

Confidence in the credit markets may be gaining momentum, as the numbers show that American consumers are borrowing again. According to the Federal Reserve, the 11 month decrease in consumer borrowing has come to a halt this month. While analysts projected total consumer borrowing to drop by $9 billion dollars, actual borrowing on credit cards fell by $8.5 billion and

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