MoneyRates Blog
Fed Meeting and Interest Rates
By MoneyRates team | Money-Rates Columnist
Borrowers are eagerly anticipating another rate cut from the Fed which will have a nearly immediate impact on their home equity loan payments and credit card payments. While short term interest rates on average have fallen in 2007, some remarkable online bank deals still exist. Money market rates from Evergreen Private Bank (5.40% APY, 25K [...]
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Say Goodbye to 5.00% Savings Account Yields?
By MoneyRates team | Money-Rates Columnist
The reality of lower short-term rates has set in and the next step is to watch the leading online banks to see how quickly and by how much they adjust their deposit rates. The 5.00% and higher APY yields which have been prevalent over the last year are nearly certain to drop to rates in [...]
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Greenspan, Bernanke, and this week’s Fed meeting
By MoneyRates team | Money-Rates Columnist
Former Fed chairman, Alan Greenspan, currently on a speaking tour to promote his new book said that over the long run, the biggest problem facing the U.S. economy is “the re-emergence of inflation,” and rising interest rates. The emergence of Greenspan two days before the meeting of the FOMC gives more credence to the growing [...]
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