Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton stated that President Joe Biden’s student loan plan will put “upward pressure on interest rates, upward pressure on inflation,” and upward pressure...
Co-host Becky Quick then said, “I have seen arguments out there that say, hey, what are you talking about that this costs anybody any money? All it is is we just say, poof, it goes away, nobody has to pay this, and it doesn’t result in anything.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fmr Obama Campaign Manager Messina: GOP ‘Changing the Rules’ in the Middle of ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Ex-Obama top adviser dismisses Biden’s 2016 claims: ‘No red carpet for him’Former Obama adviser David Plouffe said Joe Biden’s claims that Barack Obama prevented him from making a 2016 presidential run were inaccurate.
Read more »
Today's 15-year mortgage rates hold steady while 30-year rates riseMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Read more »
Today's 30-year rates fall while 15-year mortgage rates hold steadyMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Read more »
Lower birth rates could impact the economy. Here's whyHigh rates of inflation combined with more access to contraception have led to lower birth rates.
Read more »
How Long Will High CD Rates Last?Inflation has been high for years now, and while it's decreased quite a bit from its peak of 9.1% in June 2022, it's still below the Federal Reserve's target goal of 2%. To move the needle and curb spending further, the Fed has kept interest rates paused at a 23-year high at its last three meetings. While that's bad for consumers using credit cards, mortgages and loans, as higher rates mean paying more in interest on the money borrowed, it's a boon for savers, resulting in hefty interest rates on savings accounts and certificates of deposit (CDs). What goes up must come down, though, and at some point, the Fed is likely to make rate cuts once inflation is under control. While the Fed rate doesn't directly impact the rates on savings accounts and CDs, the two generally move in the same direction. So the question remains: How long will these high CD rates last? And if the Fed does cut rates, how far will CD rates have to fall? Find out the best CD options available to you today
Read more »