The Federal Reserve said Wednesday that it will NOT raise interest rates this month. The central bank did not provide any hints as to a potential July rate hike. Moreover, the United States central bank forecasts three interest rate increases in both 2017 and 2018. Six Fed officials predict a single rate hike this year, […]
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With hours to go, odds of Federal Reserve Rate hike are just 2%
Federal Reserve Chair Janet Yellen will announce at 2 p.m. as to whether or not the United States central bank will raise interest rates. With just hours to go, the odds of a rate hike are slim to none, likely due to a potential Brexit and weak U.S. employment data. According to the CME Group […]
U.S. student loan delinquency rate tops 11% in Q1 2016
In the United States, total student loan debt has skyrocketed to $1.3 trillion. The big caveat inside this astronomical figure is that a large percentage of that money is not being paid back. According to a new chart from the Visual Capitalist, the delinquency rate of student loan debt has hit double digits, and is […]
76 million Americans are struggling to get by or are barely making it: Fed study
“I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. Shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere […]
German 10-year sovereign bond yields reach negative territory for first time in history
Germany has joined Switzerland and Japan in negative territory. The German 10-year benchmark sovereign bond declined to under zero for the first time ever Tuesday. Due to a weak global economic outlook and investors fearing a Brexit, the 10-year bond yield ended the European trading day at -0.0020 percent, according to Bloomberg News. The plummet […]