Federal Reserve
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Washington Calls It a Historic Boom, But Mortgage Rates Tell a Different Story
WASHINGTON, October 15 — The 30-year fixed mortgage rate climbed to 7.40% on October 8, up 0.69 percentage points from 6.71% a…
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Axos Bank Savings Rates Hit 5.00% APY Amid Fed Rate Hikes in September 2026
SAN DIEGO, October 11 — Axos Bank leads the high-yield savings market with a 5.00% APY offer as of October 9, 2026,…
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Mortgage Rates Today, Monday, October 5: A Little Lower
WASHINGTON, October 5 — Mortgage rates in the United States edged lower on Monday, with the 30-year fixed-rate average falling to 2.87%…
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Higher Borrowing Costs: What Consumers Need to Know About Credit Card Payments, Home Purchases, and Auto Loans
Longwood, Florida, October 9 — Bond yields have climbed to their highest levels in roughly two decades, raising immediate concerns for consumers…
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Highest Money Market Account Rate Hits 5.00% APY: A Game Changer for Savers
NEW YORK, October 4 — The top money market account rate has surged to 5.00% APY as of October 2, 2026, according…
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Nebraska Savings Rate Roughly Double U.S. Average, Fed Report Finds
LINCOLN, Neb., September 25, 2026 — Nebraskans’ savings are roughly double the national average, according to a Federal Reserve Bank of Kansas…
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Fed Rate Hike Expected to Lift Savings and Debt Costs
WASHINGTON, September 17 — The Federal Reserve is widely expected to raise interest rates on Wednesday, its first hike in more than…
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Fed Rate Hike Resets Borrowing Costs for Credit Cards, Mortgages, Auto Loans
WASHINGTON, September 17 — The Federal Reserve raised its benchmark interest rate, a decision that resets the cost of borrowing for households…
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Fed Created in 1913 to Shape US Monetary Policy
WASHINGTON, September 15 — The Federal Reserve System, the central bank of the United States, was created by the Federal Reserve Act…
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Fed Rate Decisions Drive Variable Credit Card APRs
WASHINGTON, September 14 — The average credit card interest rate in the United States is not set by any single authority, and…
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Top Money Market Accounts Pay 5.00% APY vs. National Average of 0.47% at Traditional Banks
NEW YORK, September 14 — The top money market account in the United States pays 5.00% APY as of September 14, 2026,…
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Federal Reserve: Shaping the U.S. Economy Since 1913
WASHINGTON, September 14 — The Federal Reserve System was created by the Federal Reserve Act, signed by President Woodrow Wilson on December…
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Savings Rates Hold at 5.84% as Fed Keeps Rate at 3.50%–3.75%
NEW YORK, September 12 — High-yield savings accounts held their ground this week, with the most competitive offers reaching up to 5.84%…
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Gold Reserves and Central Bank Sales: Managing Deficits with Bullion
LONDON, July 21 — The shift is subtle but real: gold is no longer just the relics of vaults and central bank…
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How the Dollar Reserve System Drives Global Trade and Finance
BEIJING, July 14 — The 1974 agreement between the United States and Saudi Arabia to price oil exclusively in dollars remains the…
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U.S. Treasury borrows $155B monthly, pays $24B weekly in interest
WASHINGTON, July 11 — The United States Treasury is now borrowing $155 billion every single month of the current fiscal year, a…
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Federal Reserve Rate Hikes Raise Government Borrowing Costs to 3.1%
WASHINGTON, July 11 — For sixteen months, the Federal Reserve steadily tightened the screws on the American economy. Starting from near zero…
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Paul Volcker broke inflation with 20% interest rates
NEW YORK, July 10 — The technical reality of crushing double-digit inflation is that the usual tools often fail. Paul Volcker, who…
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Gold Standard Era: How 1900-1971 Backed Currencies Shaped Global Finance
WASHINGTON, July 8 — On the streets of the capital this afternoon, the gold standard is a ghost that still haunts the…
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Federal Reserve’s Role in Crises: Depression to 2008 and COVID
WASHINGTON, July 8 — The Federal Reserve System, now more than a century old, stands as a testament to how financial panics…
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Context: The Federal Reserve’s Monetary Policy Framework
WASHINGTON, July 5 — The Federal Reserve finds itself in a holding pattern, with interest rates steady and the central bank’s leadership…
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History of U.S. Inflation Trends Since 2020
WASHINGTON, July 5 — The United States is entering the second half of 2026 with inflation stubbornly refusing to complete its journey…
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Dollar’s Purchasing Power Plummets 97% Since 1913, Book Argues
WASHINGTON, June 28 — The dollar that held 100 cents of purchasing power in 1913 today holds roughly three cents. That 97%…
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Federal Reserve Rate Cuts Tighten Banks’ Ability to Offer High Savings Yields
The arithmetic of a high-yield savings account is brutally simple. Banks take your money and lend it out at a higher rate…
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