What the Fed will cost you
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Your debt may cost you more if the Fed hikes rates again. Just where and when is the question. By Jeanne Sahadi, CNN/Money senior writer.
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The U.S. Federal Reserve is likely next week to raise its target federal funds rate to 1.75 percent from 1.5 percent, nearing the end of the first stage of what appears to be a two-stage plan to return rates to "normal" levels, the Wall Street Journal said on Tuesday.
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WASHINGTON -- The Federal Reserve, under first-year Chairman Ben Bernanke, appears close to achieving the tricky maneuver of steering the U.S. economy to a soft landing.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.
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Give up your daily coffee! Or lunch! How about paying attention to these real drains on your money?
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With prices heating up to combustion point, you need inflation protection.
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Banks wonât lend money. Oil has reached $100 a barrel. Unemployment is up. Whatâs a Fed chief to do?
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From San Francisco to Sydney, find out how much--or little--property your dollar will fetch.
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The Fed's measured increases will affect consumer finance companies' revenue.
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How much will Uncle Sam owe you in retirement?
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Business & money: Â· Dollar at 15-year low and stock markets plunge Â· Federal Reserve expected to cut interest rates
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A cross-continent look at how far your money goes.
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Learn how to avoid saving a nickel while losing a dollar.
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Get greedy with your savings. Your future self will thank you.
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Did you see Alan Greenspan on 60 Minutes tonight?  What a revelation, one of the most powerful political and economic forces, but until now, basically silent. There were so many interesting things in the interview, but one of them left me with an urgent action item. Lesley Stahl, the interviewer, asked what currency he got the advance on his book in? He said it didn't matter, because he could convert to whatever currency he wanted, begging the question. She pressed, and he volunteered that the best choice is to be diversified. Which of course is a conclusion every money manager would reach on their own, it's just like stocks and bonds, you never want to have all your eggs in one basket, the best strategy is to be diversified.  I've wanted to be diversified in currency for quite some time, but have found it's not so easy. I have an investment account and a checking account, both are in US dollars, and neither offers the option of anything other than that. I just spent a couple of hours with Google trying to figure out where I could open an account that would allow me to keep cash in euros, yen, yuan, dollars (Canadian, US, Australian or New Zealand), pounds, or... ? I found that I could become a currency trader, which is absolutely not what I want. What I'd like is something like a mutual fund for currency. Or failing that, a certificate of deposit that allowed me to specify what currency it would be in.  So I thought I'd ask the smartest people I know, the readers of this blog. Do you keep your savings in more than one currency? Is there an online bank that does this well, one that a US citizen can use (that is, it sends 1099's to the IRS). Any ideas would be much appreciated.
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Sure the currency is tumbling, but don&#39;t expect the FOMC to do much out of the ordinary today. NEW YORK (CNN/Money) - It&#39;s pretty clear that another interest rate hike by the Federal Reserve today will not be much of a headline maker.
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The Federal Reserve is expected to lower U.S. interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.