Daily Archives: August 10, 2025

Egg prices soared by more than 15% in January. (iStock) Annual inflation increased to 3% in January, rising above expectations and giving the Federal Reserve further reason to slow down interest rate cuts. Inflation increased 0.5% monthly, slightly exceeding expectations and above the previous month’s increase of 0.4%, according to the Consumer Price Index (CPI) […]

Check out what’s clicking on FoxBusiness.com. The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season.  More than 8 million tax refunds have gone out during the 2025 season as of Feb. 7 and, according to the IRS, those refunds have averaged $2,065 each.  When taxpayers receive […]

Ramsey Solutions financial expert George Kamel weighs in on Americans working past retirement age and provides advice for investors. Balances for 401(k) retirement accounts hit the “second-highest average on record” in the final quarter of 2024, according to new data from Fidelity Investments.  The financial services company found in its newly-released fourth-quarter retirement analysis that […]

Mortgage rates continued to trend down.  (iStock) There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the highest level since last May. This week, however, 30-year rates dropped to 6.76% for fixed-rate mortgages, according to Freddie Mac. “This week, mortgage rates decreased to their lowest […]

Prices took a surprise dip in February, according to the latest inflation report. (iStock) Annual inflation increased to 2.8% in February, an unexpected decline from 3.0% in January, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Inflation increased 0.2% monthly after rising 0.5% the previous month. Core inflation, which […]

MacroMavens President Stephanie Pomboy joins ‘Mornings with Maria’ to break down the current status of the markets and how higher interest rates are impacting the economy. Retirement nest eggs and Social Security benefits are key sources of funds for many Americans as they live out their golden years in the state of their choosing.  A […]

It isn’t always easy to save for retirement, in part because for many people it is so far away that there’s no sense of urgency. New research suggests a solution: Make the future feel closer. “People struggle to save for the future, and part of the reason why is people struggle to connect with the […]

Rates remained unchanged after the Fed meeting.  (iStock) The Federal Reserve just met to discuss the possibility of interest rate cuts. This time around, the Fed decided to extend the rate pause, leaving rates in the 4.25% to 4.5% range. The decision came due to stable economic activity that’s expected to grow in the first […]

A new study reveals that Americans under the age of 40 are contributing more to Roth IRA accounts. More savers are embracing the tax-advantaged accounts, and many will contribute leading up to tax day. Young savers are flocking to Roth IRAs.  They are taking the advice of parents, workplace financial coaches and tax advisers, who […]

Ramsey Solutions financial expert George Kamel weighs in on Americans working past retirement age and provides advice for investors. As Generation X continues getting closer to retirement, some have less than rosy views about their retirement prospects, according to a recently released nonprobability-based study from Fidelity Investments.  Fidelity Investments found in the latest edition of its […]