Category: Economy

Let us explore the history of Federal Reserve interest rates, including some of the major changes and their effects on the economy. The Federal Reserve is the central bank of the United States, charged with managing the nation's monetary policy …Read more  »

When it comes to banking, safety or deposit insurance is a top concern for depositors. The Federal Deposit Insurance Corporation (FDIC) was created to help ensure that depositors’ funds are protected in the event of bank failures. Depositing money in …Read more  »

If you are thinking about buying a home or refinancing your current mortgage, you might be wondering how interest rates have changed over time and what factors affect them. In this blog post, we will take a look at the …Read more  »

What is a Promissory Note? A promissory note is a document that records a borrower's promise to pay back a loan to a lender at a specified future date. It's a legal contract between both parties that sets out the …Read more  »

The Federal Reserve, or the Fed, is the central bank of the United States. It has the power to influence the economy by setting the target range for the federal funds rate, which is the interest rate that banks charge …Read more  »

If you are a customer of Citizens Bank in Sac City, Iowa, you may have been surprised to find out that your bank was closed by the regulators on November 3, 2023. This marked the fifth bank failure in the …Read more  »

Federal Reserve Chair Jerome Powell expressed uncertainty about the central bank's success in tackling inflation, emphasizing the ongoing challenges. Powell, addressing an International Monetary Fund audience, revealed the Federal Open Market Committee's commitment to a restrictive monetary policy but admitted, …Read more  »

In a startling turn of events, US bank stocks have plummeted to an unprecedented low, sending shockwaves through the financial markets. According to financial experts, this drastic downturn is not a standalone occurrence but rather the result of a perfect …Read more  »

In a significant turn of events, the 30-year mortgage rate in the United States has experienced its most substantial drop in nearly 16 months. This surprising development comes on the heels of a Treasury market rally, which led to a …Read more  »