Why credit card debt forgiveness is worth it even with more Fed rate cuts

New U.S. economy data before next Fed interest rate decision

The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Would the Fed ever rely on AI to decide interest rate moves? The risks are high.

Challenges of artificial intelligence directing U.S. central-bank decisions are substantial.

Business - MarketWatch - 11 hours ago

Mortgage rates inch up to a 3-month high ahead of Fed meeting

Mortgage applications fell 10.8% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - Yesterday

2 in 5 U.S. credit card holders have topped out their spending limit

Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.

Nearly 2 in 5 cardholders have maxed out a credit card or come close, report finds

Higher prices and higher interest rates have caused many Americans to use more of their available credit. Gen X is particularly stretched.

Business - CNBC - October 17

49ers' Nick Bosa says wearing MAGA hat on TV was 'well worth it,' even if he's fined

49ers star Nick Bosa could be fined by the NFL after he wore a pro-Trump 'Make America Great Again' hat while on the field and on TV following an Oct. 27 game.

Entertainment - Los Angeles Times - Yesterday

49ers star Nick Bosa: Wearing MAGA hat worth it even if NFL imposes fine

San Francisco 49ers star defensive end Nick Bosa said wearing a MAGA hat on live TV was worth it, even if the NFL fines him for it. After a win against the Dallas Cowboys on Sept. 27, Bosa ...

Politics - The Hill - 12 hours ago

Inflation Still Plagues Restaurants, Services, and Housing, Even as National Rate Declines

The personal consumption expenditures index, which tracks spending on many everyday household needs, shows stubbornly high prices, even as the Fed’s overall rate edges back to its 2 percent target.

Business - Inc. - 13 hours ago

Why you should open a CD before the November Fed meeting

The benefits of opening a CD could soon be waning. Here's why you should open one before the November Fed meeting.

Why you should open a $10,000 CD before the November Fed meeting

For many savers, it makes sense to deposit $10,000 into a CD before the next Federal Reserve meeting. Here's why.

Why mortgage rates are back up to nearly 7%

The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.

Business - MarketWatch - October 24

Holiday shoppers plan to spend more while taking on debt this season

Leaning on credit cards, or even buy now, pay later, to purchase holiday gifts will come at a high cost if there are missed or late payments.

Business - CNBC - October 16

Euro falls to 2-month low as investors price in interest rate cuts

Single currency has dropped more than 2% against dollar so far this month

World - Financial Times - October 15

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Business - The New York Times - October 17

European Central Bank, seeing no signs of recession, cuts interest rates again

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after ...

World - ABC News - October 17

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

Yahya Sinwar: the ruthless architect of Hamas’s October 7 attack

Fugitive militant who spent decades in jail has been killed in Gaza

Business - Financial Times - October 17

Trump hawks merchandise as White House race enters final stretch

Republican candidate cashes in on fame to sell pieces of his suits, branded jewellery and footwear and his image