Both Kamala Harris and Donald Trump made sure to talk about taxes in the final days before the presidential election. That’s no coincidence: More than 144 million taxpayers filed personal income tax returns this year, a topic likely on the minds of countless voters. While Congress controls the purse strings, candidates’ policy priorities drive the … Read more
It’s all but certain that the next move Americans see from the Federal Reserve will be a second interest rate cut. The real question is whether officials will “go big” again with another half-percentage-point reduction. The next rate decision won’t be announced until Nov. 7, but discussions are already very active about how much the … Read more
The Federal Reserve cut interest rates Wednesday for the first time since 2020 as it switched gears from battling high inflation to keeping the labor market healthy. The half-percentage-point cut was unusually large for the central bank — it tends to move rates up or down by a quarter-percentage point — but not entirely unexpected. … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The wait is finally over. For the first time since March 2020, the Federal Reserve has cut short-term interest rates. On Wednesday, Fed Chairman Jerome … Read more
The Federal Reserve is expected to decrease interest rates for the first time since 2020 in September, setting off a chain reaction that will indirectly influence several parts of the U.S. economy — including your wallet. In recent years, the Fed ratcheted up interest rates (and then held them steady) in order to curb excessive … Read more
The Federal Reserve is widely expected to bring about a long-awaited interest rate cut during its next meeting. But just how big will that potential rate cut be? The central bank held interest rates steady in July — a move that was expected and kept rates at the 5.25% to 5.5% range. But Fed Chair … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. Raising the retirement age for Social Security even by just a year or two would result in significant reductions in payments for most Americans, a … Read more
After a worse-than-expected jobs report, many economists are worried the Federal Reserve may have waited too long to cut interest rates. Just two days after the Fed announced its decision to keep rates steady for now, the U.S. Department of Labor released a disappointing July jobs report showing the unemployment rate has ticked up to … Read more