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☆ How to be Human - The New York Times
▼ + stars: | 2023-10-19 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

The really good confidants — the people we go to when we are troubled — are more like coaches than philosopher kings. They see who you are becoming before you do and provide you with a reputation you can then go live into. I think I’m more approachable, vulnerable. I know more about human psychology than I used to. I came across it in Kathryn Schulz’s recent memoir, “Lost & Found.” Schulz’s dad, Isaac, was apparently a cheerful, talkative man.

Persons: They’re, I’m, I’ll, Kathryn Schulz’s, ”, Isaac, Edith Wharton, “, ” Schulz, Schulz Locations: unsaid

☆ Credit card users paid nearly $164 billion in fees, interest in 2022. It may 'get a little worse,' analyst warns
▼ + stars: | 2023-10-19 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Some credit card companies charge as much as $41 for a missed payment. Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies, like price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022, WalletHub found.

Persons: Oscar Wong, Biden, Schulz, Cardholders, WalletHub, it's, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Federal Trade Commission

☆ Only 13% of employees are comfortable sharing their salaries with co-workers—here's how to talk pay at work
▼ + stars: | 2023-10-12 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

But just 13% say they'd be willing to share their pay with co-workers, even if their co-workers would be the ones to benefit the most from salary transparency. Pay transparency has been gaining traction since 2020, and eight states and several cities now have laws that require employers to disclose salary ranges. Roughly 26.6% of the U.S. labor force lives in a state that requires employers to practice salary transparency, according to the National Women's Law Center. "It sounds prehistoric almost, because pay really influences how we live our lives." But discussing pay with co-workers can provide crucial information that employees can then use to negotiate salaries, especially when transparency is widespread throughout a company.

Persons: they'd, Scott Dobroski, Matt Schulz, LendingTree's, Schulz Organizations: National Women's Law

☆ 5 ways to reduce credit card debt ahead of the holiday shopping season
▼ + stars: | 2023-10-12 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +6 min

But it's also important to consider the rising cost of carrying credit card debt. Overall, credit card debt in the U.S. has reached a staggering record high of $1.03 trillion, according to the Federal Reserve Bank of New York. The average consumer carries about $6,000 in credit card debt — a 10-year high. While the free credit reports on annualcreditreport.com will not include your credit score, many credit card companies offer their customers a free look at their credit scores. Work with your card issuerIf you don't qualify for a 0% card or personal loan, contact your card issuer and ask for a lower credit card rate.

Persons: Bankrate, Ted Rossman, they're, it's, Matt Schulz, Louis, —, Schultz, Rod Griffin, Oleksandra, Griffin Organizations: Federal Reserve Bank of New, Federal Reserve Bank of St Locations: U.S, Federal Reserve Bank of New York, annualcreditreport.com

☆ A recession may still be in the forecast, experts say. Here's how to make sure you're prepared
▼ + stars: | 2023-10-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Jamie Kelter Davis | Bloomberg | Getty ImagesA recession has been in the forecast for much of 2023. "A recession is obviously going to happen at some point," said Jack Manley, global market strategist at JPMorgan Asset Management. Those factors may prompt the Federal Reserve to keep interest rates higher for longer, Aleman said. Experts say the key is to automate your savings so you do not even see the money in your paycheck. Another advantage to saving now: Rising interest rates mean the potential returns on that money are the highest they have been in 15 years.

Persons: Jamie Kelter Davis, Jack Manley, —, Eugenio Aleman, Raymond James, Aleman, Manley, Barry Glassman, CNBC.com, Glassman, Mark Hamrick, Matt Schulz, Schulz Organizations: Bloomberg, Getty, Asset Management, National Association for Business Economics, Finance, Federal Reserve, Wealth Services, CNBC's, Bankrate Locations: Chicago

☆ People are 'increasingly tired' of 'guilt tipping,' expert says—but no one wants to feel 'like a jerk or cheapskate'
▼ + stars: | 2023-10-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

As touch screens and pre-selected options make tipping more convenient, around 60% of Americans say they're tipping more, according to a recent LendingTree survey. Guilt tipping, explainedNearly a quarter of people say they always feel pressured to tip when the option is presented, according to LendingTree's survey. "It's happening all over the place, and people are getting increasingly tired of it," he says. "People don't want to feel like a jerk or cheapskate," he says. It's worth noting that the business doesn't always decide which tip options you're presented with.

Persons: it's, Matt Schulz, LendingTree's, Schulz, doesn't, Dan Egan Organizations: CNBC

☆ Gen Z loneliness is so bad that some young adults are spending thousands trying to make friends through gym memberships and social clubs
▼ + stars: | 2023-09-25 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

In search of connection, young people are spending on gym memberships, social clubs, and art classes. Most said they spend more on social activities than pre-pandemic. All but three said they're spending more money now than they were before the pandemic on social activities such as art classes and gym memberships to make friends. The software engineer said he's increased his investment in social activities after struggling to make friends at work. Other Gen Zers told Insider they made connections through free gallery events, volunteering, and joining book clubs.

Persons: Zers, Lynette Ban, she's, Ban, Vivek Murthy, Richard Weissbourd, Weissbourd, Murthy, Rachael, Matt Schulz, William Cabell, Cabell, he's, Cabell isn't, Kazerouni, Kelly Lohr, —, Barley Vogel, there's, Rebecca Schweiger, Schweiger, Noureen Shallwani, Shallwani, Gen Zers, Zers don't, Lillian Lema, Bumble BFF, Lillian Lema Lema, BFF, She's, Margaux Duvall, Duvall, Alexandra York Organizations: Service, Soho House, Harvard Graduate School of Education, IRL, SEC, Studio Arts Dallas, Studio, The, Facebook Locations: Wall, Silicon, New York, Austin, Italy, Richmond , Virginia, Soho, Soho House's New York, Philadelphia, Maine, Portland , Maine, Ohio, Denver, nsheidlower@insider.com

☆ The Federal Reserve leaves rates unchanged. Here's how it impacts your money
▼ + stars: | 2023-09-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. The average rates for a 30-year, fixed-rate mortgage "remain anchored north of 7%," said Sam Khater, Freddie Mac's chief economist. Already, the average rate for a HELOC is up to 9.12%, the highest in 22 years, according to Bankrate. Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves. But undergraduate students who take out new direct federal student loans are now paying 5.50% — up from 4.99% in the 2022-23 academic year and 3.73% in 2021-22.

Persons: that's, Matt Schulz, Sam Khater, Freddie Mac's, Greg McBride Organizations: Treasury, Bankrate.com, LendingTree

☆ Renk seeking free float that will enable share liquidity -CFO
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Sept 12 (Reuters) - Germany's Renk, which makes gear boxes for tanks, is seeking a free float that will ensure stock liquidity when it goes public on the Frankfurt Stock Exchange later this year, Renk CFO Christian Schulz said on Tuesday. Schulz said discussions with investors were ongoing, and that it was still too early to talk about a valuation. "We will have new insights in the next three weeks," he said. Reporting by Christina Amann, Writing by Friederike Heine, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Schulz, Schulz, Christina Amann, Friederike Heine, Rachel More Organizations: Frankfurt Stock Exchange, Thomson

☆ Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo/File Photo/File Photo Acquire Licensing RightsSept 8 (Reuters) - Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region's economy to shrink "gently" over the next three quarters. The Wall Street brokerage had earlier forecasted that the real gross domestic product (GDP) of the euro area, which includes Germany, France, Italy and Spain among others, to grow at 0.8%. They also expect the economy to shrink by 0.1% in 2024, compared to 0.8% growth expected earlier. Cyclical and structural headwinds to euro area growth are "too strong," Citigroup economists, led by Christian Schulz, said in a note dated Thursday.

Persons: Chris Helgren, Christian Schulz, Schulz, Roshan Abraham, Rashmi Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Thomson Locations: Toronto , Ontario, Canada, Germany, France, Italy, Spain, China, Bengaluru

Oregon State and Washington State on Friday filed a complaint in Washington state court against the Pac-12 and Commissioner George Kliavkoff, seeking to prevent departing member schools from taking any actions that could stand in the way of the Pacific Northwest schools' effort to rebuild the conference. Each school has cited the desire for more financial stability in abandoning the “Conference of Champions” and leaving only Oregon State and Washington State. Political Cartoons View All 1148 Images"We owe it to our student-athletes, coaches, and fans to do everything in our power to protect the Pac-12 Conference and explore all future options,” Washington State President Kirk Schulz said. “WSU and OSU are working in lockstep to identify the best path forward. The future of the Pac-12 must be determined by the remaining members, not by those who are leaving.”___Follow Ralph D. Russo at https://twitter.com/ralphDrussoAP and listen at http://www.appodcasts.com___AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll

Persons: George Kliavkoff, Kliavkoff, Kirk Schulz, “, Ralph D, Russo Organizations: Oregon State, Washington State, Pacific Northwest, Big, Stanford, Cal, ACC, Conference, Washington, “ WSU, OSU, AP Locations: Oregon, Washington, Whitman County, Southern California, UCLA, Arizona, Arizona State , Colorado, Utah, lockstep

☆ Airbnb CEO shares the No. 1 thing people get wrong about success: I thought 'everything in my life would be fixed'
▼ + stars: | 2023-09-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Even as Airbnb's popularity and private valuation soared throughout the 2010s, Chesky didn't feel successful, he said — and he thought taking the company public would help. The Airbnb CEO originally moved to Silicon Valley and started his company in 2008 with co-founders Joe Gebbia and Nathan Blecharczyk. In response, Chesky dedicated all his energy to making Airbnb more successful, hoping it'd fulfill him, he said. The ongoing research, which started in 1938, has found that career and financial success don't make participants feel more content. Six months later, the company launched its Airbnb Rooms service, which allows hosts to rent out individual bedrooms in their homes.

Persons: Brian Chesky, Dax Shepard's, Chesky, —, Joe Gebbia, Nathan Blecharczyk, it'd, Marc Schulz, Warren Buffett Organizations: Harvard University, Reuters, San Locations: Silicon Valley, San Francisco, Airbnb

☆ Affirm shares rocket 29% after better-than-expected results and strong guidance
▼ + stars: | 2023-08-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Here's how the company did:Loss per share: 69 cents vs. 85 cents as expected by analysts, according to Refinitiv. 69 cents vs. 85 cents as expected by analysts, according to Refinitiv. Revenue: $446 million vs. $406 million as expected by analysts, according to Refinitiv. Affirm also gave strong guidance for the fiscal first quarter, projecting $430 million to $455 million in revenue, versus analyst expectations of $430 million.

Persons: Michael Linford, LendingTree's Matt Schulz Organizations: Deutsche Bank Locations: Little Falls , New Jersey, Refinitiv

☆ A Panel-by-Panel Life of the Man Who Created Charlie Brown
▼ + stars: | 2023-08-25 | by ( Jeff Smith | ) www.nytimes.com time to read: +2 min

FUNNY THINGS: A Comic Strip Biography of Charles M. Schulz, written by Luca Debus and Francesco Matteuzzi. Illustrated by Luca Debus. Charles M. Schulz was a complicated man. “Funny Things,” the new hand-drawn biography of Schulz by Luca Debus and Francesco Matteuzzi, doesn’t shy away from these other traits. Fortunately (and this becomes clear in “Funny Things” almost immediately), “Peanuts” was all that to Debus and Matteuzzi, too.

Persons: Charles M, Schulz, Luca Debus, Francesco Matteuzzi, Charlie Brown, Lucy Van Pelt, Sparky, Michelangelo, “, Moby, Dick ”, ”, Jeannie ”, Mister Ed, Dagwood, Snoopy, Bone, Debus

☆ Interest rates are forcing consumers to reconsider purchases, says LendingTree's Matt Schulz
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates are forcing consumers to reconsider purchases, says LendingTree's Matt SchulzMatt Schulz, LendingTree chief credit analyst, joins 'The Exchange' to discuss the toll of inflation on consumer spending, sentiment data versus macro data, and how consumers can ask for lower interest rates on credit cards.

Persons: LendingTree's Matt Schulz Matt Schulz, LendingTree

☆ Japan GDP beats expectations: Economist explains why investors aren't reacting extremely positively
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan GDP beats expectations: Economist explains why investors aren't reacting extremely positivelyMartin Schulz, chief policy economist at Fujitsu, discusses the pressures that the country's domestic economy faces.

Persons: Martin Schulz Organizations: Fujitsu

☆ Why I Bring Up Climate Change on First Dates - The New York Times
▼ + stars: | 2023-08-09 | by ( Erica Berry | ) www.nytimes.com time to read: +2 min

When I brought up global warming, he’d often try to comfort me: to wrap me in a hug, cue up an old episode of “Seinfeld,” offer a CBD gummy. I struggled to tell him that I didn’t need anesthesia or answers, I just wanted a relationship where we shared more of the same inquiries. If relationships depend on a shared fantasy of the future, then global warming does more than unsettle our environment — it creates uncertainty in our interpersonal ones. This time, I’m swallowing my fear of sounding too anxious and am talking about climate change early on. But I’ve found that talking about how global warming affects our lives, however casually, becomes a sort of canary in the coal mine for learning about a person’s broader beliefs and behaviors.

Persons: he’d, “ Seinfeld, ”, ” Kathryn Schulz, wasn’t, we’d, don’t, I’ve Locations: Idaho, Venice

☆ As credit card debt tops $1 trillion for the first time, 'a huge test' for cardholders is coming
▼ + stars: | 2023-08-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowCollectively, Americans now owe more than $1 trillion on credit cards. Total credit card debt rose nearly 5%, or roughly $45 billion, in the second quarter to a new high of $1.03 trillion, according to a new report on household debt from the Federal Reserve Bank of New York. "One trillion dollars in credit card debt is staggering," Schulz added. "Credit card balances saw brisk growth in the second quarter," Joelle Scally, regional economic principal in the New York Fed's research and statistics group, said in a statement. On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is also more than 20% on average, another all-time high.

Persons: Matt Schulz, LendingTree's, Schulz Organizations: Federal Reserve Bank of New, New York Fed, Federal Reserve Locations: Federal Reserve Bank of New York, York

☆ Americans’ credit card debt hits a record $1 trillion
▼ + stars: | 2023-08-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN —Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. During the second quarter, credit card balances shot up by $45 billion, or nearly 4.6%, to land at $1.03 trillion, according to the New York Fed’s latest Quarterly Report on Household Debt and Credit. Rising credit card debt and auto loan balances helped to drive overall household debt levels up to $17.06 trillion for the quarter, the report showed. “Unfortunately, [credit card debt] is only going to go up from here,” Matt Schulz, chief credit analyst for LendingTree, told CNN. The number of people who made a hardship withdrawal during the second quarter surged from the first three months of the year to 15,950, an increase of 36% from the second quarter of 2022.

Persons: ” Matt Schulz, “ Organizations: Minneapolis CNN, Federal Reserve Bank of New, New, New York Fed, CNN, Bank of America Locations: Minneapolis, Federal Reserve Bank of New York, York, New York

☆ Americans are pulling money out of their 401(k) plans at an alarming rate
▼ + stars: | 2023-08-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN —More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday. It’s a “pretty troubling” development if more people are resorting to making hardship withdrawals, Matt Schulz, chief credit analyst at LendingTree, told CNN. Since 2019, household debt balances have increased by nearly $3 trillion, according to New York Federal Reserve data through the first quarter of 2023. Separately on Tuesday, the New York Fed reported that US households’ credit card debt surpassed the $1 trillion mark for the first time ever. The $45 billion increase in credit card debt helped to drive overall household debt levels to $17.06 trillion at the end of the second quarter.

Persons: It’s, Matt Schulz, “, ”, Lorna Sabbia Organizations: Minneapolis CNN —, Bank of America, Bank of, CNN, Bank of America’s, New York Federal, New York Fed Locations: Minneapolis

☆ 54 million Americans have been in credit card debt for at least a year. Here are the best payoff strategies
▼ + stars: | 2023-08-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

While balances are higher , more cardholders are also carrying debt from month to month, according to a new Bankrate report . On the heels of another rate hike by the Federal Reserve , the average credit card rate is now more than 20% on average, an all-time high , making it even harder to dig out of debt. Snag a 0% balance transfer credit card"My top tip is to sign up for a 0% balance transfer card," Rossman said. Cards offering 12, 15 or even 21 months with no interest on transferred balances are one of the best weapons Americans have in the battle against credit card debt, added Matt Schulz, LendingTree's chief credit analyst. To make the most of a balance transfer, aggressively pay down the balance during the introductory period.

Persons: Ted Rossman, Rossman, Matt Schulz, LendingTree's, Schulz, There's Organizations: Federal Reserve, CNBC, YouTube

☆ Sweden and Denmark consider ban on Quran-burning protests as security fears rise
▼ + stars: | 2023-08-02 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

CNN —A spate of Quran-burning protests in Sweden and Denmark has caused angry demonstrations in Muslim-majority countries, heightened security fears at home and left both Scandinavian nations questioning whether they need to review their liberal laws on freedom of speech. But both countries signaled Sunday that they are exploring legal ways to prevent such protests, amid security and geopolitical concerns. While freedom of speech has long been a constitutional right in Sweden and Denmark, the scrapping of blasphemy laws was a more recent development. But neither country tightened their free speech laws in response to these attacks. “Sweden is right now the target of influence campaigns, supported by states and state-like actors, whose purpose is to harm Sweden and Swedish interests,” said Bohlin.

Persons: “, Ulf Kristersson, Denmark “, Salwan Momika, Momika, Ahmad Al, ” Marten Schutlz, ” Sofie Blomback, ”, Bruno Jerup, Chris McGrath, Blomback, Lars Lokke Rasmussen, Sweden’s Kristersson, Posten, Prophet Mohammed, Lars Vilks, Mohammed, ” Kristersson, Carl, Oskar Bohlin, ” Bohlin, ” Schulz Organizations: CNN, NATO, of Islamic Cooperation, ”, Danish, Protesters, Getty, Stockholm University, Sweden’s, Appeal, Mid Sweden University, Sweden’s Civil Defense Locations: Sweden, Denmark, Stockholm, Turkey, Danish, Copenhagen, ” Sweden, Iraqi, Sweden's, Baghdad, Iraq, AFP, Swedish, United States, Istanbul, Ukraine, Vilnius, Turkish, Russia

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Federal Reserve Meeting Fed Expected to Resume Rate Increases
▼ + stars: | 2023-07-26 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +7 min

The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. The average credit card rate was 20.44 percent as of July 19, according to Bankrate.com, up from around 16 percent in March last year, when the Fed began its series of rate increases. The average rate on new car loans in June was 7.2 percent, up slightly from the start of the year, according to Edmunds.com. The average rate for an identical loan was 5 percent the same week in 2022. But yields on money market funds offered by brokerage firms are even more alluring because they have tracked the federal funds rate more closely.

Persons: ”, Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, that’s, —, Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Federal, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: Chicago

☆ Interest rates just went up again: What the latest Fed move means for you
▼ + stars: | 2023-07-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

And the Fed’s preferred inflation measure — the core Personal Consumption Expenditures Index — inched down to 4.6% in its latest reading. Credit cards remain very expensiveWhen Fed rates go up, so do credit card rates. So it’s not surprising that card rates in the past year have been trending at around 20-year highs. As of July 19, the average credit card interest rate is 20.44%, down slightly from the 20.58% recorded the week before, according to Bankrate.com. Second-quarter data from the Fed shows the average rate for them is 22.16%.

Persons: ”, Greg McBride, Michele Raneri, you’ll, it’s, Matt Schulz, Cardholders, Freddie Mac, they’d, McBride, Anna Bahney Organizations: New, New York CNN, Federal Reserve, Consumer, JPMorgan Chase, Bank of America, Fed, LendingTree Locations: New York

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