Powell says the Fed doesn’t see negative rates as ‘appropriate’ policy for the United States

The central bank chair said he is focusing on interest rates and other “liquidity tools” to keep credit flowing and financial markets operating properly. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription … Read more…

The Fed Cuts Interest Rates to Nearly 0% to Combat Economic Slowdown Risks From Coronavirus Crisis

In an emergency move, the Federal Reserve has cut its benchmark interest rate to nearly zero to help fight the coronavirus outbreak that’s threatening millions and nudging America into an economic slowdown. The nation’s central bank announced Sunday it would … Read more…

Powell says Fed is ‘willing to be patient’ before raising rates again amid coronavirus slowdown

“We will maintain the rate at this level until we’re confident that the economy has weathered recent events,” Powell said. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up … Read more…

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries,” the Fed said. International: Top News And Analysis SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off … Read more…

‘Bond King’ Gundlach says Fed panicked and short-term rates are ‘headed toward zero’

“When I say panicked, it doesn’t mean it’s not justified,” DoubleLine Capital CEO Jeffrey Gundlach said about the Fed’s surprise cut this week. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card … Read more…

Trump calls for lower rates amid coronavirus fallout: ‘Fed should start being a leader’

Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine! SPECIAL DONATION REQUEST UPDATE: Please help American Consultants Rx achieve it’s biggest goal yet … Read more…

Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’

San Francisco Fed President Mary Daly said she believes last year’s rate cuts put the U.S. economy in a strong position to deal with external headwinds. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX … Read more…

Prudential to charge higher insurance rates for people who vape — the same as smokers

Customers who vape will be classified as smokers instead of nonsmokers when applying for individual insurance policies, Prudential said in an emailed statement Wednesday. Health and Science U.S.HEALTHCARE UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount … Read more…

Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands. Politics BEST DEAL UPDATE: Save 50% Today! Get 24/7 Access to Your Credit Scores & Reports with TransUnion

Fed Leaves Interest Rates Unchanged, No Longer Expects Rate Hikes This Year

In a widely anticipated move, the Federal Reserve announced its decision Wednesday to leave interest rates unchanged following a two-day monetary policy meeting. The central bank’s forward projections also indicated interest rates are likely to remain unchanged for the remainder … Read more…

December pending home sales drop to lowest point in five years, despite much lower interest rates

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. Real Estate BEST DEAL UPDATE: … Read more…

As obesity rates in America soar, new weight loss drugs are in the offing that offer hope

There are several promising drug candidates to combat obesity, one of America's biggest diseases and contributors to mortality. Still, doctors have been slow to call obesity a disease, and insurance coverage remains skimpy. Health and Science U.S.HEALTHCARE UPDATE: Click today … Read more…

Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector. Real Estate BEST DEAL UPDATE: Easily Sell Your Home With ForSaleByOwner! A Home Sells with ForSaleByOwner Every 44 Minutes!