The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared with earlier super-size moves in 2022. Still, any boost in …
Read More »What is a ‘rolling recession’ and are we in one? Experts explain
By most measures, the U.S. economy is in solid shape. Although the first half of 2022 started off with negative growth, a strong labor market and resilient consumer helped turn things around and give hope for the year ahead. Gross domestic product, which tracks the overall health of the economy, …
Read More »How Gen Z Should Prepare Their Finances for 2023 and Beyond
Gen Z may find it difficult to think about retirement planning, saving, and investing. Due – Due And, for good reason. Stock markets, especially the S&P 500, have been in turmoil as young workers begin their careers. A recession is also on the horizon. It has also been difficult for …
Read More »Metros where U.S. rent prices have dropped the most
Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate brokerage HouseCanary. At …
Read More »Biden administration moves to create renters bill of rights
Housing rights activists and tenants protest against evictions and the poor condition of their apartments outside the offices the landlord Broadway Capital in Chelsea, Massachusetts on April 25, 2022. Brian Snyder | Reuters The Biden administration announced on Wednesday new actions to protect renters across the U.S., including trying to …
Read More »With a recession looming, how to decide if school is a good option
Maskot | Maskot | Getty Images An economic downturn usually sparks a renewed interest in picking up new skills at school. Historically, enrollment in graduate school picks up amid recession as workers take the time to “skill up” or pivot to another industry with better career prospects or pay. related …
Read More »Today’s mortgage rates edge down across all terms
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. Check out the mortgage rates for Jan. …
Read More »Why caps on debt interest rates may not help consumers save
Rising credit interest rates have made it even more expensive to carry debts. But a proposal in Congress that would cap rates on consumer loans at 36% may not be an effective way of curbing those higher costs of borrowing, according to new research from the Urban Institute’s Financial Well-Being …
Read More »Common misconceptions about achieving a perfect credit score
Randy had an 850 credit score. According to FICO, the most popular scoring model, that’s as good as it gets. Still, a line on his credit report said he could lower his utilization rate, so he promptly paid off the remainder of his car loan with one $6,000 payment, and …
Read More »The 2023 Mazda MX-5 Miata: The little sports car with big capacity for fun
The 2023 Mazda MX-5 Miata sports car is the perfect blend of handling, power, and affordability. Pricing starts at $28,050. It’s brilliant. Buy it. The end. OK, we’ll expand. Humankind has invented some really cool stuff — like space rockets, MRI scanners, Lego bricks, electric guitars, and the Swiss Army …
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