Markets price a 99.4% probability that the Federal Reserve will hold rates at 3.50%–3.75% on April 29, 2026 — meaning for most household financial decisions, your numbers don’t change on Wednesday afternoon. Specifically: the prime rate stays at 6.75%, your…
Markets currently price approximately a 36% probability of a 25 basis point Federal Reserve rate cut at the June 16–17, 2026 FOMC meeting, according to CME FedWatch — which means the base case is that rates stay unchanged at 3.50%–3.75%…
Kevin Warsh, President Trump’s nominee to succeed Jerome Powell as Federal Reserve Chair, testified before the Senate Banking Committee on April 21, 2026. Powell’s term as Chair expires May 15. Whether Warsh actually takes over on that date is now…
Update — April 22, 2026: Kevin Warsh’s confirmation hearing took place April 21, 2026 (the day this article was first published). His Senate confirmation is now uncertain — Sen. Thom Tillis (R-NC) has vowed to block the nomination from leaving…
Quantitative tightening (QT) is the process by which the Federal Reserve shrinks its balance sheet — letting Treasury securities and mortgage-backed securities mature without reinvestment, which removes reserves from the banking system. The Fed ran a QT program from June…
The Federal Reserve’s Beige Book is a qualitative report on regional economic conditions across the United States, compiled from interviews with business contacts in each of the 12 Federal Reserve Districts and published eight times per year — roughly two…
A high-yield savings account (HYSA) and a certificate of deposit (CD) both pay materially more than a traditional bank savings account, but they protect against different risks. An HYSA pays a variable rate that can change at any time —…
Compare the best unsecured personal loans of 2026 from SoFi, LightStream, Upgrade, LendingClub, Best Egg, Upstart, Discover, and Prosper. APRs starting at 6.20%, with the national average at 12.27% (Bankrate, April 2026).
Your savings account earns a stated rate — a “nominal” return. What you actually take home in purchasing power is the “real” return, which subtracts inflation. With headline CPI at 3.3% year-over-year in March 2026 and top high-yield savings accounts…
APY and APR measure interest, but they are not the same number and they are not used for the same products. APY — Annual Percentage Yield — is what you earn on money you deposit into an interest-bearing account like…