Financial News

Fed to support further rate cuts

There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. read more

greenspan discusses zero rate treasuries

Yield curve inverts. A predictor

Fed cut expected again

From the article-- My instinct is to interpret this as indicating that the Fed is expected to be less likely to ease sufficiently to avoid a recession. Why read more

This is a disturbing article that tries to make sense of negative interest rates that are being seen in Europe. It feels like they’re trying to prepare U.S. savers read more

Two large suburban credit unions are merging to create the fifth-largest credit union in Illinois. Gurnee-based Consumers Credit Union, one of the oldest credit read more

Start planning. Start lock the long term rates now

Fed asked to weaken dollar

Fidelity account 1.9 percent

Fed asked to increase rate cutes faster and bigger

https://www-mlive-com.cdn.ampproject.org/v/s/www.mlive.com/news/flint/2019/08/dozens-of-elga-credit-union-accounts-impacted-by-unauthorized- read more

https://www-bloomberg-com.cdn.ampproject.org/v/s/www.bloomberg.com/amp/news/articles/2019-08-05/reluctant-fed-likely-to-cut-rates-again-as-t read more

"Dire jeremiads about America's looming retirement crisis are so common that it seems "retirementcrisis" is one word. The doom-and-gloom narrative goes something read more

"Last week, Equifax agreed to pay nearly $700 million to settle federal and state investigations into how it handled a massive 2017 data breach that affected more read more

https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2019/07/30/online-bank-green-dot-reveals-savings-account-with-a-rate-30-times-t read more

Self Lock helps protect you from employment-related identity fraud.

"By These mistakes cost you big money. Three in four people admit to making at least one financial mistake, according to a survey of more than 1,000 adults read more

Many people are frightened of long-term care costs - for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating read more

Robo-advisors Wealthfront and Betterment both recently announced eye-popping interest rates on cash accounts of 2.57% and 2.69%, respectively, 25 to 27 times the read more

This was posted in a credit union.info email today. Remember this when you open an account in ANY BANKING  institution. They may be selling you a product read more

"Full-time workers in the U.S. earn a median income of $908 per week, or $47,216 per year. But income can vary greatly depending on how old you are. Women hit their read more

Robinhood, a stock trading app popular with millennials, caused a stir last December by announcing a no-fee checking-and-savings account that offered a 3% yield. read more

"By First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 has rocketed read more

And its gone. WHY?   Why Stocks Are Still the Best Investment, Even After a 10-Year Run

"By A comfortable retirement doesn't come cheap. While you may hear stories of people retiring on as little as $2,000 a month, the reality for most of us is likely read more

In an unusual bipartisan effort, Congress is close to passing the SECURE Act (Setting Every Community Up for Retirement Enhancement). In a key provision, the Act read more

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved amendments to two rules to simplify the process for making insurance read more

Rate cut almost certain