Banks

How to make more money with your savings now that the banks are raising interest rates

How to make more money with your savings now that the banks are raising interest rates

The Federal Reserve has raised its key rate five times this year, most recently on Wednesday, as part of its ongoing efforts to slow the pace of inflation. The idea is that since the US central bank makes it more expensive to borrow money, the demand for goods and services will fall, causing prices to …

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Everything Parents Need to Know About Student Loan Forgiveness

Everything Parents Need to Know About Student Loan Forgiveness

Studio Phynart | Istock | Getty Images President Joe Biden’s announcement last month that he will forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. Debt forgiveness applies to so-called Parent PLUS Loans, federal loans that parents can take …

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European markets slide as investors digest further rate hikes

European markets slide as investors digest further rate hikes

Opening of the market: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading on Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The public energy company transferred its stake in a nationalization agreement. French hotel company Accor saw its …

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As interest rates rise, is it still possible to get a good rate on a personal loan?

As interest rates rise, is it still possible to get a good rate on a personal loan?

Interest rates are on the rise as the Federal Reserve tries to fight record inflation. The central bank is doing this to make loans more expensive and they can try to slow the economy down, hopefully without sending it into a recession. However, rising interest rates mean that loans are now becoming more expensive and …

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The Japanese yen is at its lowest in 24 years.  Here's what to expect at the next BOJ meeting

The Japanese yen is at its lowest in 24 years. Here’s what to expect at the next BOJ meeting

The Japanese yen is near its weakest levels since 1998, and authorities have hinted that they will take steps to stem the currency’s decline. Ahead of the Bank of Japan’s rate decision later this week, CNBC examines whether Japan’s central bank could abandon its ultra-loose monetary policy, as the Federal Reserve maintains its hawkish stance, …

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Another interest rate hike comes from the Federal Reserve: here's how it could affect you

Another interest rate hike comes from the Federal Reserve: here’s how it could affect you

This week, the Federal Reserve will likely hike rates an additional three-quarters of a percentage point for the third straight time in a bid to calm the high cost of living. The US central bank has already raised interest rates four times this year, for a total of 2.25 percentage points. Fed officials have “declared …

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Central banks set to hit interest rates at a faster pace

Central banks set to hit interest rates at a faster pace

Investors are anticipating a steeper rise in interest rates in the coming months after the world’s major central banks stepped up their resolve to fight soaring prices, signaling that they would prioritize inflation over to growth. A Financial Times analysis of interest rate derivatives, tracking expectations for borrowing costs in the US, UK and eurozone, …

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Should you buy a car in 2022?  Here's what consumers need to know to beat high vehicle prices

Should you buy a car in 2022? Here’s what consumers need to know to beat high vehicle prices

Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According to Kelley Blue Book, the average price …

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How student loan forgiveness will be applied to your debts: 3 priority factors

How student loan forgiveness will be applied to your debts: 3 priority factors

peki | E+ | Getty Images The U.S. Department of Education continues to release new information about how President Joe Biden’s historic student loan forgiveness plan worked. Some of the final details include how the rebate will be applied to your balance: which federal student loans qualify for the relief and in what order. It’s …

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