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How to pay off your student loans, (yes, you can do it)
Yahoo Finance· 2025-06-14 20:23
Student Loan Management - Yahoo Finance provides expert insights on managing college debt and paying off student loans [1] - The report highlights important information regarding interest rates and refinancing options for student loans [1] Yahoo Finance Resources - Yahoo Finance offers free stock ticker data, up-to-date news, and portfolio management resources [1] - The platform provides comprehensive market data and advanced tools for financial management [1] - Users can access the latest financial news and data on finance.yahoo.com [1] - Yahoo Finance has a mobile app available on Apple (https://apple.co/3Rten0R) and Android (https://bit.ly/3t8UnXO) [1] Social Media Presence - Yahoo Finance maintains active social media accounts on X (Twitter), Instagram, TikTok, Facebook, and LinkedIn [1]
Trump Says He Won’t Fire Powell, But Again Demands Rate Cut
Bloomberg Television· 2025-06-13 14:40
What's going on here. Trump has proven to be right. You know, all of these things.We've taken it 88 billion in tariffs in two months. 88 billion with no inflation. Now, would like to get this guy to lower interest rates because, you know, if he doesn't, we have to pay.We have a lot of short-term debt. If he'd lower it by two points, we pay 600 billion dollars a year. That's for years, 10 years, 12 years, whatever we make it.But we can't get this guy to do it. And the fake news is saying, "Oh, if you fired h ...
Trump Calls for Fed Rate Cut, Says He Won't Fire Powell
Bloomberg Television· 2025-06-12 16:11
I like long term cheap debt, but a lot of the debt comes through because Biden that's what he didn't do it. I'm sure he didn't know anything about it, but somebody approved short term debt. It's all over the place and it comes due starting very soon.And if we would lower the interest rates by one point, we pay about one point less. That's $300 billion a year. Can you believe at one point if it lowered by two points.We pay $600 billion a year, leases for years, ten years, 12 years, whatever we make it. But w ...
Steve Rattner: Tariff effects yet to come, but economists and consumers expect prices to rise
MSNBC· 2025-06-12 11:13
former Treasury official and Morning Joe economic analyst Steve Ratner. Steve, there has indeed been plenty of speculation about how Trump's tariffs will impact the country. So tell us, how does the economy look almost 5 months into Trump's second term.Yeah, it's interesting, Jonathan. I think uh all of us predicted that inflation would start to go up as a result of those tariffs, but yesterday there was a report that in fact it has really not yet gone up, or at least not yet gone up. So the commerce depart ...
Reckoning Is Coming for US Treasuries, Says Gundlach
Bloomberg Television· 2025-06-11 18:43
Market Anomalies - Historically, the dollar index increases when the S&P 500 declines by more than 10%, but recently the dollar decreased while the S&P 500 fell almost 20% [1] - Typically, the 10-year Treasury yield decreases following the first Federal Reserve rate cut, but this time it increased, and the yield curve is steepening [2] US Treasury Market & Debt - The US faces an unsustainable interest expense due to a $21 trillion budget deficit and persistent interest rates [3] - The average coupon on Treasuries has risen from below 2% to nearly 4% [3][4] - Maturing bonds issued in 2008, 2009, and even 2019 with coupons as low as 025% are being replaced with bonds at 425%, a 400 basis points increase [4][5] - The long-term Treasury bond is losing its status as a reliable flight to quality asset, not responding as expected to lower interest rates or the current 25% inflation rate [5] Inflation Outlook - Near-term inflation is likely to rise, as the cumulative headline CPI rolling off from a year ago was 01%, while the most recent CPI was 018% [6] US National Debt Concerns - The US national debt is rapidly approaching $37 trillion, requiring innovative solutions [7]
X @Forbes
Forbes· 2025-06-11 16:02
Vice President JD Vance went after the Federal Reserve for declining to lower interest rates, as President Donald Trump has continuously demanded, in the latest White House criticism of the bank. (Photo: Getty Images) https://t.co/SeMPDYnlYy https://t.co/CE5ZZ5WhLi ...
What is a jumbo money market account, and where can you find the best rates?
Yahoo Finance· 2024-12-31 18:52
Core Insights - The decline in interest rates has led banking customers to seek ways to earn high returns on deposits, with jumbo money market accounts (MMAs) being a potential option [1] - Jumbo MMAs require higher minimum deposits, typically starting at $100,000, and offer higher interest rates in return [1][5] Group 1: Jumbo Money Market Accounts Overview - A jumbo money market account is a type of deposit account offered by various financial institutions, providing higher interest rates than traditional checking and savings accounts [3] - These accounts often come with checks or debit cards for easy access to funds, but they also have higher minimum balance requirements to earn the highest rates and avoid fees [4][8] - Jumbo MMAs are relatively rare and typically require a minimum balance of $1 million to earn the highest interest rates, although lower balances can still yield decent rates [5][6] Group 2: Pros and Cons of Jumbo Money Market Accounts - Pros include higher interest rates compared to traditional accounts, liquidity for easy access to funds, and exclusive perks such as reduced fees or dedicated customer service [8][9] - Cons involve high minimum deposit requirements, potential monthly fees if balances drop below minimums, and the risk of having uninsured funds if deposits exceed $250,000 [16] Group 3: Market Comparison and Alternatives - Jumbo MMAs may not always offer competitive rates compared to standard high-yield money market accounts, which can provide rates as high as 4% APY with no minimum balance [10] - Alternatives to jumbo MMAs include certificates of deposit (CDs), stocks, bonds, and exchange-traded funds (ETFs), each with their own benefits and drawbacks [12][13]