Lower yields on deposits but better terms on credit cards: Those are two ways consumers might feel some impact from the next Federal Reserve interest-rate cut, which is looking more likely amid recent signs of economic weakness. However, the long-anticipated move might not do much good for your finances, unless it’s followed by a series
An estimated 20 million borrowers could benefit from the Biden administration’s student loan debt forgiveness plan. But how do you know if you are eligible? The income-driven repayment program, Saving on A Valuable Education Plan, will allow borrowers to pay only 5% of their discretionary income. Initially launched in 2023, the Biden administration sought to
Recent economic data has shown remarkable resilience to higher interest rates placed upon us by the Federal Reserve. Traditional economic theory would say the Fed rate is restrictive, but strong jobs reports and higher inflation says otherwise. These factors have crushed market expectations of interest rates dropping this spring. Some within the Fed have even