Investors will focus on the Federal Reserve’s outlook for the US economy when the central bank finishes its two-day meeting to set interest rates on Wednesday. Markets overwhelmingly expect borrowing costs to remain unchanged at between 4.25 and 4.5 per cent, based on futures markets prices. Instead investors will try to gauge chair Jay Powell’s … Read more
But capping interest rates is not a cure-all for debt-driven woes. A 2018 World Bank study of interest rates on loans in other countries found that interest rate caps set below market rates reduced access to credit for low and middle-income borrowers. Banks take on risk by extending credit to consumers, and that risk increases … Read more
Forbes Advisor combed through the profiles of dozens of low-interest credit cards. We focused on major banks and standout credit cards at lesser-known banks and credit unions with online accessibility. We looked for credit cards that outperform other cards in terms of 0% APR promotion terms, fees, ongoing APRs, rewards and other features. Our data … Read more
If there’s one thing I don’t recommend, it’s buying stock on margin. Due to the volatility of stocks and high margin interest rates, borrowing money to buy stocks is a bad idea. Conversely, I’m not opposed to buying a home on margin, namely through a mortgage, if buying follows a homebuying guideline like the 30/30/3 … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Big technology stocks led a decline on Wall Street on Monday as long-term Treasury yields hit the highest level since late 2023 after last week’s strong US jobs data led traders to further slash expectations … Read more
