Consumer Finance

Fed holds steady on interest rates but hints a further hike could be on the way this year – what does it mean for YOUR pocket?

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The Federal Reserve has held interest rates steady – keeping benchmark borrowing costs between 5.25 and 5.5 percent.  The much-anticipated decision is the second time in six policy meetings this year that the central bank has not raised rates, slowing the pace of increases to allow time to assess the impact of its aggressive drive to … Read more

How inflation has hit YOUR pocket: Cost of gas and airline fares shot up last month – but dairy, bread and electronics are on the decline

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Household budgets suffered another blow in August as the rate of annual inflation ticked up for the second month in a row, new figures revealed today. The annual rate is now hovering at 3.7 percent – after falling to a low of 3 percent in June. And it remains well above the Fed‘s target of … Read more

Money TikToker reveals the four things to NEVER do when negotiating your salary

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Money TikToker reveals the four things to NEVER do when negotiating your salary Patrick Di Cesare said workers should not lie about having other job offers  He warned Americans not to weaken their negotiation stance by apologizing The financial guru revealed the tips to his 186,000 followers online By Tilly Armstrong Consumer Reporter For Dailymail.Com … Read more

I’m a banking expert, here’s the optimum credit score you need – anything above is just bragging

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While having a perfect 850 credit score may be impressive, you do not necessarily need it to secure the best deals. Once you hit 740 you are considered to have an excellent credit score for credit cards, auto loans and other non-mortgage products, according to Ted Rossman, senior industry analyst at Bankrate.  ‘For mortgages, I would … Read more

Fitch downgrades United States’ credit rating – here’s everything to know and how it could affect YOU

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Ratings agency Fitch has downgraded the US government’s credit rating – bringing it down a notch from the top AAA grade to AA+.  The surprise move comes just two months after the agency warned the rating was under threat as lawmakers battled over raising the nation’s debt limit – before averting what would have been a first-ever … Read more

Interest rates soar to highest level since 2001, sparking misery for credit card holders and homebuyers – here’s how latest Fed rate hike could hit YOUR pocket

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Interest rates soar to highest level since 2001, sparking misery for credit card holders and homebuyers – here’s how latest Fed rate hike could hit YOUR pocket The Fed raised interest rates by a quarter percentage point, after pressing pause on hikes last month  The central bank made the unanimous decision to raise rates to … Read more

Apple Card customers are quietly credited $100 after complaining they couldn’t withdraw their cash from firm’s competitive 4.15% savings account

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Apple has quietly credited some of its savings account customers with $100 – after they accused the tech giant of holding their money ‘hostage.’ More than 240,000 savers are believed to have flocked to Apple’s new account when it launched in April with a competitive 4.15 percent yield – more than 10 times the average … Read more