Sarah Foster
Federal Reserve and Economy Reporter at Bankrate
Federal Reserve and economy reporter @Bankrate. Previously @business & @chicagotribune. @MedillSchool & @illinois_alma. ✉️: [email protected]
Articles
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1 week ago |
bankrate.com | Sarah Foster |Chris Kahn
The Federal Reserve voted on Wednesday to leave interest rates steady, a move that suggests officials are still playing it safe with inflation given widespread concern that President Donald Trump’s tariffs could eventually lead to higher prices. The announcement means the Fed’s key benchmark rate will stay in a target range of 4.25-4.5 percent, the highest since 2007.
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1 week ago |
bankrate.com | Sarah Foster |Chris Kahn
The 5 most important themes to know ahead of today’s Fed meetingDespite pressure from President Donald Trump and other members of his administration, the Fed is not expected to cut borrowing costs today – meaning the key interest rate that influences how much you pay to finance big-ticket purchases should stay at a decade-plus high.
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2 weeks ago |
bankrate.com | Sarah Foster |Chris Kahn
First came historic inflation and elevated interest rates. Then came aggressive tariffs, recession fears, market volatility and a tit-for-tat trade war. For years now, Americans have felt poorly about the U.S. economy — and new data from Bankrate suggests many people aren’t feeling better, even after electing a new administration to help them heal from higher prices.
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1 month ago |
bankrate.com | Sarah Foster |Chris Kahn
Less than a week after President Donald Trump shocked the world with his massive “Liberation Day” tariff hikes, the former president of the St. Louis Fed, Jim Bullard, uttered a word on television that most economists reserve for their nightmares: Smoot-Hawley.
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1 month ago |
bankrate.com | Sarah Foster |Chris Kahn
The Federal Reserve voted on Wednesday to keep interest rates steady for the third consecutive meeting, a decision that signals officials are more concerned about inflation than the possibility of a recession. The decision means the key interest rate that influences how much you pay to borrow money — from credit cards and auto loans to home equity lines of credit (HELOCs) and adjustable-rate mortgages — will continue to hold near a decade-plus high.
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There are now roughly the same number of job openings as there are unemployed workers. That ratio soared to as high as 2:1 during the "Great Resignation" of 2022. Know this metric has limitations, but seems like we're approaching a big threshold for the job market. https://t.co/k8qADAGSPd
Five years ago, Michigan's Senate Bill No. 1 aimed to fix the high auto insurance costs. It ended up only complicating — and in some cases, worsening — the problem. A must read investigation from @re_hawley: https://t.co/nqqs58Q0ew
How about them coffee prices :'( Roasted coffee: +11.8% YoY Instant coffee: +12.4% YoY The average retail price of a package of ground roast coffee also hit an all-time high in May of $7.93/pound, up 87% since February 2020. https://t.co/fo9Eh3cYkk