The Pew Research Center’s definition of millennials is people born from 1981 to 1996. In 2012, the youngest millennials were still in their teens. In order to exclude those who were likely still in school, the analysis was done only on people who were at least 20 in 2012, i.e. born between 1981 and 1992.

    MoneyTips

    Current Federal Reserve Chairperson Jerome Powell recently indicated that the Fed may soon cut interest rates for the first time since the start of the financial crisis in 2009. What would such a change in the federal funds rate mean for you?

    In today’s world of 24/7 cable TV and Internet news, people are more likely to be knowledgeable about financial and economic matters than in past generations. For example, we would venture to guess that most people have at least heard of the Federal Reserve, or, as it is usually referred to, the Fed.

    However, having heard of the Fed is quite different from understanding what the Fed actually does and how its actions influence our financial lives. Let’s explore the Fed’s role in the U.S. economy and how its actions affect the broad economy and interest rates in particular.

    What is the Federal Reserve and what are its Main Tools?

    ...

    Interest Rate Hikes May Drive You Crazy

    Federal Reserve 101

    Three Important Credit Card Interest Rules

    President Donald Trump, accompanied by Commerce Secretary Wilbur Ross, speaks about the 2020 census in the Rose Garden of the White House, Thursday, July 11, 2019, in Washington.

    Bill Wakefield, owner of Wakefield's and Martin's clothing stores, said his businesses have received more than 25 calls in the last week about increasing prices on orders they had already placed for clothing.

    We're always interested in hearing about news in our community. Let us know what's going on!