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Worried about rising inflation, Federal Reserve officials at their meeting in June thought the Fed's next move on interest rates was likely to be up. ...more
July 17, 2008
The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to back a Bear Stearns rescue package and provide emergency loans to big Wall Street firms. ...more
June 28, 2008
Rates on 30-year mortgages rose again this week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to higher inflation pressures. ...more
June 27, 2008
The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed might delay the first rate increase until December. ...more
June 26, 2008
Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do to battle inflation. ...more
June 13, 2008
Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said. ...more
June 4, 2008
Anyone filling up the tank of their car right now will be cursing oil speculators. Likewise, anyone loading up a shopping cart with food for a family may feel angry with hedge-fund managers pushing the cost of wheat, rice and other basics through the roof. ...more
May 30, 2008
Student loan companies, squeezed by the credit crisis, are getting some help from the federal government. ...more
May 22, 2008
I've talked a lot about the anxiety that money causes. But this is a very relevant topic, with what's happening in the financial markets. Housing prices are crazy - stock prices, crazier. And although the government is trying to step in and lend a hand, even it is at a bit of a loss when it comes to finding a solution. ...more
May 11, 2008
Right now, every Florida homeowner, automobile owner and business owner is liable for "hidden taxes" in the form of assessments from Florida's Hurricane Catastrophe (CAT) Fund. The risk we face results from an attempt by the state to reduce homeowners' insurance during the insurance rate crisis following the 2004 and 2005 hurricane seasons. ...more
February 20, 2008
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