What 2019 may hold for your finances

December 26, 2018 Leave a comment

FILE - In this Jan. 30, 2018, file photo, Loredana Gonzalez, of Doral, Fla., fills out a job application at a JobNewsUSA job fair in Miami Lakes, Fla. 2019 should be another banner year for workers, says Mark Zandi, chief economist at Moody’s Analytics. (AP Photo/Lynne Sladky, File)

We asked experts to weigh in on how they anticipate how those big drivers may impact your financial well-being in 2019.

Tagged with: gas prices interest rates jobs Taxes wages

Powell wants to create some mystery around Fed meetings

July 19, 2018 Leave a comment

Federal Reserve Chair Jerome Powell speaks during a news conference after the Federal Open Market Committee meeting, Wednesday, June 13, 2018, in Washington. The Federal Reserve is raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases because of solid economic growth and rising inflation. (AP Photo/Jacquelyn Martin)

Change is in the air at the Federal Reserve.

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Fed leaves rates unchanged but signals further hikes ahead

May 3, 2017 Leave a comment

Federal Reserve Chair Janet Yellen pauses while testifying before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Feb. 14, 2017. (AP Photo/Andrew Harnik)

WASHINGTON — The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year. The Fed’s pause comes after it modestly raised its ...

Tagged with: federal reserve interest rates janet yellen

Fed raises rates, boosts outlook for borrowing costs in 2017

December 14, 2016 Leave a comment

Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening. The Federal Open Market Committee ...

Tagged with: federal reserve interest rates Jenna Smialek

Yellen says she expects Fed to raise rates by year’s end

September 25, 2015 Leave a comment

Federal Reserve Chair Janet Yellen speaks on inflation dynamics and monetary policy at the University of Massachusetts, Thursday, Sept. 24, 2015, in Amherst, Mass. The talk comes one week after the central bank decided to keep interest rates at record low, in part because of persistently low inflation. (AP Photo/Jessica Hill)

WASHINGTON — Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year. In a lecture at the University of Massachusetts at Amherst, Yellen said she ...

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Survey: Most economists say Fed will raise rates in 2015

August 24, 2015 Leave a comment

NEW YORK — The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. Minutes from the Fed’s meeting in late July showed that officials ...

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Yellen: A rate increase may be warranted later this year

March 27, 2015 Leave a comment

Federal Reserve Chair Janet Yellen speaks during a news conference at the end of the Federal Open Market Committee meeting, Wednesday, March 18, 2015, in Washington. The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows. (AP Photo/Kevin Wolf)

Federal Reserve Chair Janet Yellen says continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.

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U.S. home sales up in December, down for year

January 23, 2015 Leave a comment

ConnectRealty.com realtor Greg Gammonley, right, shows off a home to prospective buyer Maddie Coker last year in Orlando, Fla. (AP file photo)

The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. But over the course of the entire year, sales fell 3.1 percent to 4.93 million.

Tagged with: Economy home sales interest rates National Association of Realtors

Fed promises ‘patient’ approach to rate hikes

December 17, 2014 Leave a comment

The Federal Reserve is signaling that it's edging closer to raising interest rates from record lows because of a strengthening U.S. economy and job market. But it is promising to be "patient" in determining when to raise rates.

Tagged with: federal reserve interest rates loans

Fed likely to note gains but signal no rate hike

December 15, 2014 Leave a comment

A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.