Author Archives: FutureShop

Fed holds on further interest rate cuts. (iStock) Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate.   The Federal Reserve held interest rates at 4.5% to 4.75%, prompted by strong economic indicators that gave the central […]

Check out what’s clicking on FoxBusiness.com. Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted by Hurricane Helene. The communications company said the debt relief campaign is aimed at assisting with the ongoing recovery following the September 2024 storm. ForgiveCo’s “random acts of kindness” […]

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 […]