{Discover Personal Loans] You might have noticed you’re paying more these days for groceries, gas, clothes, and other things. You might also be hearing about interest rates, mortgage rates, and the Federal Reserve. What do these have in common, and what is the impact...
[Discover Personal Loans] You may be hearing a lot about the Federal Reserve these days. Often simply called “the Fed,” the Federal Reserve System is the central bank of the United States. Among other functions, the Fed supervises and regulates financial institutions,...
[The Baltimore Sun] This year’s steep drop in interest rates might have borrowers rejoicing, but it has small community bankers scrambling. Friday’s move by the Federal Reserve to reduce the discount rate — the amount banks are charged to borrow money — to 3.5 percent...