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Should You Use Your Tax Refund to Pay Off Debt?
Households are carrying record levels of debt. Balances climbed to $18.04 trillion in the fourth quarter of 2024, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.
Analysis-Trump's Focus on US Yields Fuels Bets on Bank Leverage Rule Review
Some traders are betting regulators may soon focus on a review of the Supplementary Leverage Ratio (SLR), a rule requiring ...
Which Interest Rate Should You Care About?
The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...
MoneyWeek1d
Cash ISAs: why it could be your last chance to grab 5% tax-free savings
Savers using a cash ISA could face a double-whammy of interest rate cuts and tax reforms from April. Should you act now?
Interest Earnings Last Year May Boost Your Tax Bill—Here's What You Can Do To Lower It
High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...
Ray Dalio: We Need to Cut the Budget Deficit Now. Here’s How We Do It
In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.
These tax deductions for small business owners may surprise you
Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...
Elon Musk, DOGE could access your personal info. Will this impact tax refunds and Social Security?
The courts may block efforts by Elon Musk and DOGE to access Treasury's payment system. A huge trove of private data is at ...
UK economy ekes out 0.1% growth in the fourth quarter, beating expectations
The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, after recording zero growth in the previous three ...
Trump wants both lower interest rates and tariffs. Here's how that could backfire.
President Donald Trump took to Truth Social Wednesday to argue that tariffs and lower interest rates go "hand in hand," suggesting that new trade barriers could prompt the Federal Reserve to ease ...
Fed Chair Jerome Powell in no hurry to cut rates because the economy is ‘strong overall’
Federal Reserve Chair Jerome Powell told lawmakers on Tuesday the argument for free trade still makes sense but added that it was not the role of the central bank to comment on tariff or trade policy ...
Key takeaways from Fed Chair Jerome Powell’s congressional hearing
America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer ...