Tag Archives: Federal Reserve
Oil Prices Climb in Face of Federal Reserve Meeting
The price of oil lurched upwards on Tuesday despite the fear that the Chinese economic recovery may not be everything investors wished for. Driving the upward direction of oil is the hope of investors that the US Federal Reserve will … Continue reading
Obama Announces Expanded Refinancing Plan for Homeowners
In an attempt to help boost the sluggish economy’s growth President Obama announced a proposal which will allow all homeowners to refinance their mortgages at more attractive rates, even if what they owe on their mortgages is actually more than … Continue reading
US Mint to Halt Production of $1 Presidential Coins
Vice President Joseph Biden announced this past Tuesday that because of lack of demand, the production of the $1 presidential coin would be terminated, and it will be taken out of circulation. Low Demand for Coins Demand for the coin … Continue reading
More Loans Reflect Consumer Confidence on the Rise
Consumer confidence in the US economy may be rising, if increasing use of credit cards and other forms of borrowing is any indication. More Car and College Loans October saw consumers borrowing more for the second straight month taking more … Continue reading