by Andrew McVeigh | Sep 19, 2023 | Federal, News
Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest rate...
by Andrew McVeigh | Aug 3, 2023 | Federal, News
With all the recent talk of extraterrestrial aliens and Ukraine, you might have missed the recent news story of yet another bank failure in the United States this year. July saw another bank failure in the United States, the Heartland Tri-State Bank in Kansas,...
by Andrew McVeigh | Aug 2, 2023 | Explainers
What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of consistent rate increases since the...
by TFR Staff | Mar 22, 2023 | Federal, News
The Federal Open Market Committee (FOMC) met today to discuss the state of the U.S. economy and monetary policy. According to recent indicators, the U.S. economy is experiencing modest growth in spending and production, while job gains have picked up in recent months...
by TFR Staff | Feb 1, 2023 | Featured, Federal, News
Today, the Federal Open Market Committee released the minutes from their most recent meeting. The most significant news was that they hiked the interest rate by 25 basis points to give us a total federal rate of 4.5% (up from 4.25%). This was a continued effort by the...