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July 13, 2020
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CNBC Business

Fintech disruptor SoFi wants to become a national bank — again

CNBC
CNBC – For more and to sign up click here Anthony Noto, CEO of SoFi  Adam Jeffery | CNBC Fintech company SoFi has filed an application for a national bank charter with the Office of the Comptroller of the Currency (OCC), according to a report from Business Insider citing a company-wide......
CNBC - Real Estate

‘Interest-only’ mortgages might make sense in some situations, but beware the risks

CNBC Real Estate
If you’re in the market for a house and are considering an “interest-only” mortgage, proceed with caution. With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest rates — some borrowers may gravitate to these so-called interest-only loans, experts say. These......
CNBC Business

Here’s how much you need to put in a 529 savings plan every month to send your kid to NYU debt-free

CNBC
CNBC – For more and to sign up click here NYU estimates it will cost students more than $78,000 to attend the school in 2020-2021. That includes tuition, fees, textbooks and room and board. But that’s not the price you will pay in 18 years. CNBC ran the numbers, and......
CNBC Business

Fed officials see need for ‘highly accommodative’ policy ahead, minutes show

CNBC
CNBC – For more and to sign up click here The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and said it expects loose policy to prevail until the economy gets back to normal. Officials also had an in-depth......
CNBC Business

The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far

CNBC
CNBC – For more and to sign up click here A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters When the coronavirus pandemic locked up capital markets and pulled the economy into recession, the Federal Reserve took aim......
CNBC Business

Cramer rails against wealthy money managers for scaring investors out of market with bubble talk

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday blasted wealthy money managers for making dire predictions and scaring individual investors out of the stock market. On “Squawk on the Street,” Cramer called out Jeremy Grantham one day after the GMO co-founder, who called......
CNBC Business

Got change? There’s a coin shortage because of coronavirus stopping the flow of physical currency

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the circulation of physical coinage ground to a halt amid the coronavirus outbreak but that the central bank is working to fix the flow. The topic came to light after Rep.......
CNBC Business

Fed leaves rates near zero, issues gloomy outlook — what to watch now

CNBC
CNBC – For more and to sign up click here The Fed is on standby. The central bank voted on Wednesday to keep short-term interest rates near zero, with Fed Chairman Jerome Powell saying at a subsequent news conference that officials are “not even thinking about thinking about raising rates.” Fed......
CNBC Business

Fed’s easy policy promises on long road to recovery hit dollar, helped bonds

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve’s forecast of......
CBS US News

Federal Reserve predicts 15 million Americans will remain unemployed through 2020

CBS News
CBS News – For more and to sign up click here The Federal Reserve expects that as many as 15 million Americans will remain unemployed by year-end even as the economy continues recovering from the impact of the coronavirus. That assessment is more pessimistic than the Trump administration’s sunnier forecast.......
CNBC Business

The Fed is wrapping up its latest policy meeting. What investors should watch now

CNBC
CNBC – For more and to sign up click here Talk about a Fed focus. When Federal Reserve Chairman Jerome Powell speaks to the press in concluding the central bank’s two-day policy meeting on Wednesday, much of Wall Street will be watching. The central bank has already taken unprecedented steps......
CNBC Business

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

CNBC
CNBC – For more and to sign up click here The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, a......
CNBC - Real Estate

Fed holds rates near zero — here’s exactly what that means for your wallet

CNBC Real Estate
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis. “The Fed has cut interest rates as low as they are going to go without going into negative rates,” said Greg McBride, chief financial analyst at Bankrate.com. The economic shock......
CNBC - Real Estate

Here’s what negative interest rates from Fed would mean for you

CNBC Real Estate
The economic shock from Covid-19 may call for drastic measures, but negative interest rates are not one of them — at least not yet. The Federal Reserve has never brought its benchmark rate into negative territory and, according to Fed Chairman Jerome Powell, the central bank is not considering going to negative interest rates now.  Experts......
CNBC Business

What’s next from the Fed will help decide the course for markets

CNBC
CNBC – For more and to sign up click here US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. Jim Watson | AFP | Getty Images The Fed has gotten high marks for moving aggressively......
CNBC Business

Treasury yield comeback is real, and the 10-year could hit 1.5% within months, Wells Fargo says

CNBC
CNBC – For more and to sign up click here Wells Fargo Securities’ Michael Schumacher sees the Treasury yield rally picking up momentum. With the Federal Reserve policy meeting on interest rates underway, the benchmark 10-year Treasury Note yield is edging closer to striking 1%. “We think in the next month,......
CNBC Business

Op-ed: The Fed shouldn’t try to ‘control’ interest rates

CNBC
CNBC – For more and to sign up click here A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters A little unsolicited advice for the Federal Reserve … don’t be a control freak. While it’s generally the Fed’s job to attempt to assert control over every......
CNBC Business

‘Where are the sellers?’ Cramer worries about stock market getting too far ahead of the economy

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Monday expressed concern about the stock market’s recent rally getting too far ahead of the economy’s recovery from the depths of the coronavirus pandemic. “Where are the sellers?” Cramer asked. “It’s almost as if people decided......

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