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Search resuls for: "Louis Federal Reserve"


3 mentions found


☆ St. Louis Fed says will "think differently" about involvement in private events
  + stars: | 2022-10-20 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: 1 min
WASHINGTON, Oct 20 (Reuters) - The St. Louis Federal Reserve said it would "think differently" about appearances by its president James Bullard at closed press events after news reports of his attendance at a private policy forum last week sponsored by Citigroup, a major bank under Fed regulation. The New York Times first reported Bullard's appearance at the event, which it noted was unpaid but might conflict with Fed communications rules that discourage Fed involvement in events that offer a "prestige advantage" to profit-making enterprises. Register now for FREE unlimited access to Reuters.com RegisterReporting by Howard Schneider; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
☆ Nearly 70% of Americans are looking for extra work to combat inflation
  + stars: | 2022-09-27 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +3 min
Starting this week, Petree will work his full-time job during the week and as a part-time cashier at Lowe's on the weekends. Nearly 70% of Americans are looking for extra work to combat inflation, according to more than 1,000 full-time workers, part-time workers and unemployed workers surveyed by Bluecrew, a workforce-as-a-service platform, in September. In many cases, those looking for work already log 40 hours during the week and are picking up extra shifts or gig work on nights and weekends, Laurinas says. Nearly 5% of employed Americans hold multiple jobs, according to data from the St. Louis Federal Reserve, including 440,000 people who hold two full-time jobs — a record high. What recession concerns could mean for extra work
☆ This graph can help you see if you're getting a good interest rate on a mortgage, historically speaking
  + stars: | 2022-07-31 | by ( Elizabeth Gravier | Benji Stawski | Zoe Malin | ) www.cnbc.com   time to read: +4 min
Mortgage rates have been as high as 18% in the 1980s, which is significantly higher than current rates. Just take a look at this graph from the St. Louis Federal Reserve to see how today's mortgage rates measure up against the ones in the past. For example, the 2008 recession saw a 30-year mortgage peak of 6.63%. The current 30-year rate, as of this writing, is at 5.30% but we'll see how recession fears impact this. SoFi members can also get $500 off on their mortgage loans.
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