Funny I always wanted to live in California because of the beaches/weather etc.

The Fed’s description of household spending changed from “rising at a strong pace” in December to “rising at a moderate pace” today. But there is a big problem for savers: it is now cheaper for the government to raise cash on the money markets instead, which it does by issuing bonds.

And now the Fed is saying four more years of an economy that’s in the tank IN ITS OPINION until ‘24, not a good forecast for employment/inflation growth.

Well as I have said many times before interest rates and FED policy does not occur in a vacuum and therefore things like the upcoming election and the covid-19 situation will have much more to do with the future of interest rate policy than anything else at the moment. The vast majority of voters are more concerned with loan rates than savings rates because they are net borrowers. Signs are that this zero-bound period will be worse than the zero-bound period from 2008 to 2015.
People are leaving the states and taxes which are already insanely high will be raised. Lloyds Bank told customers this week that its Instant Cash Isa rate will drop from 0.35% to 0.2% on Friday. None of the 17 policymakers anticipate a rate hike through 2021. It only reaches 2% in 2023. Fed Projections Show Zero Rates Through 2023 - Strategies for Savers, The Big List of Credit Unions Open to Anyone, Difference Between Banks and Credit Unions, Do I Have to Pay Taxes on Bank Account Interest, Best Savings and Checking Account Bonus Offers, Fed Chair warns, “Not even thinking about, thinking about, thinking about raising rates”, Fed Projections Show Zero Rates Through 2022 - Strategies for Savers, Fed Chair to Savers, “We have to look out for the overall economy”, Fed Meeting: FOMC Slashes Rates to Zero at a Sunday Emergency Meeting, Fed Meeting: the Pause Continues - Review of Impact to Savers, Fed Meeting: the Pause Returns - Review of Impact to Savers, Fed Meeting: 3rd Straight Rate Cut - Review of Impact to Savers, Fed Meeting: Another Rate Cut - Review of Impact to Savers, Fed Cuts Rates - Predictions with Savings Account and CD Strategies, The Fed Opens Door to Rate Cuts - Rate Predictions & CD Strategies, The Fed’s Pause Continues - Rate Predictions & CD Strategies for 2019, Fed's Pause Has Begun - Rate Predictions & CD Strategies for 2019, Fed Says It’ll Be Patient on Rates - CD Strategies for 2019, Fed Rate Hike!

Even as interest rates on high-yield savings accounts hover around 1%, it's safe to say that they will eventually go back up — and you should already have your money in one when they do. He says you mean to tell how many people I cant serve and at the end of the day you are going to jack my property tax 50 percent? By the end of 2022, the unemployment rate is forecasted to be 4.6%, that’s down from 5.5% in June. First, here’s the important paragraph of today’s FOMC statement which includes the new inflation language that is used to describe the timeframe for how long the near-zero rates will last.

Long-term CDs now only make sense if we’re headed back into a long period of very low rates. Must be contiguous.

I do agree with you though that T hasn't gone anywhere, if your time frame is 10 years. T is well off it's 52 week high of 39 and change, trading 10 bucks lower than that today. Or the 30 trillion dollar question. My answer would be the new acronym they are throwing around. I hardly expect the candidate who complained about Yellen's low rates and then did an about face to campaign for higher rates. MIlty #35 - At times I scratch my head regarding where some of the "data" on this forum comes from. Next month it will show the yield as outrageously high because it is a large dividend month. Apples and oranges. Most experts expect four rate hikes in 2018 and two or three more to follow in 2019. But if the question is how to generate income now am not sure those 3,5,10 year average return quotes will be of much solace in an off year. In addition, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses. This is the second straight meeting in which the Fed has held rates steady. Pretty much a certainty, Have to see if I can make up for it somewhere within my risk tolerance. Of course, the effects of the pandemic are clearly apparent from the Fed’s policy, but today’s FOMC statement and press briefing didn’t offer anything new. Though there’s no guaranteeing that this is the case. It’s now forecast to be -3.7%, that’s much better than the June forecast of -6.5%.

Ultra-low interest rates may mean more loans and handouts from the Bank of Mum and Dad.

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In summary, the policy suggests that we won’t see a Fed rate hike for a long time, a period that's even longer than what was suggested at previous Fed meetings.

It's more than arguable that the smooth functioning of "markets", in the broader sense, is essential to the functioning of this country. The only other significant change from the June statement was an acknowledgement of some... As expected, the Fed didn’t announce any policy changes at the end of its two-day meeting. For example I have REML which is paying me around a 25% coupon yield at my cost basis but they list it as a 66.7% yield because it is based on the trailing 12 months. That leads to higher CD rates and more CD specials. We will have to wait and see how much inflation they are willing to accept. Well the hummingbird has been shut up.

The Fed also released updates to its Summary of Economic Projections (SEP) which includes federal funds rate forecasts that now extend out through 2023.

This is my oldest and largest holding and has only raised the dividend for as long as I have owned it. I wasn't recommending it just using it as a prime example of how the dividend yield can be way off.

Even then it would need to be coded as a purchase to work. Intuitively, I would assume the baby boomers (some 70 million), with their beloved AARP membership and hopefully paid-off mortgage, would be complaining to their congressman about these terrible savings rates. Third Fed Rate Hike in Six Months - What To Expect from Deposit Rates, Fed Holds Rates Steady - Deposit Strategies as Rates Gradually Rise, Another Fed Rate Hike - What Savers Should Expect in 2017, Fed Holds Rates Steady - Strategies for Savers, Finally a 2016 Fed Rate Hike - What Savers Should Expect in 2017, Fed Hints at a December Rate Hike - Strategies for Savers, Fed Holds Steady with Future Rate Hikes Anticipated To Be More Gradual, Fed Holds Steady But Chance of a September Rate Hike Increases, Fed Holds Steady - What Makes Sense for Deposit Account Strategies, Fed Holds Steady - What to Expect from Deposit Rates, Fed Holds Steady and Lowers Rate Hike Expectations for 2016, Fed Holds Steady as Expected with Few Hints about March, Finally, a Fed Rate Hike! Dividend.com is listing the REML yield as only 6.27% because September is a small dividend month and they just multiply by 12 to calculate yield. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The following is an excerpt of today’s FOMC statement with the all important rate description: There were only two minor changes in the FOMC statement.

what i don't understand is why they never mention the killing people with fixed incomes and savings are taking under current policy. The Fed also announced that it plans to keep buying Treasurys and mortgage-backed securities “at least at the current pace.” This continues the commitment of “unlimited QE” that the Fed first announced at its March 15th emergency meeting. More bad news for savers can be construed from the PCE forecasts.

And back in August last year, experts predicted there was a 73% chance of a recession by the end of 2020. Meanwhile, Shawbrook Bank has an easy-access account paying 1.48%. My friend owns a restaurant. Asked whether savings rates could potentially head towards zero, he says: “Potentially on some instant-access accounts, that could happen. Oh I should point out I'm a card carrying Republican. There are still some deals out there. That would be great news for borrowers, but terrible for savers at a time when many older people appear to be using easily accessible savings accounts as a “safe haven” for pension cash. As the Brexit chaos continued to unfold at Westminster, some of Britain’s leading savings providers were busy cutting their interest rates, dealing a fresh blow to millions of people. Let me be contrarian: Get ready, because mortgage rates are going to rise next year.
But I agree about posting sources: Milty #42 - It's unclear to me what your overriding point is with these links. "So literally, it puzzles me why you're so down on stocks". After going all last week with no emergency FOMC meeting, I had assumed the Fed was going to wait until its regularly scheduled meeting on Tuesday and Wednesday before announcing policy actions. European Central Bank Implements Negative Interest Rate Policy, No Policy Changes at Fed Meeting - Long Wait Continues for Savers, Fed Drops Unemployment Rate Threshold for When to Increase Rates, U.S. Rep. Dennis Ross Questions Fed Chair Yellen on the Effects of Zero Interest Rates on Seniors, No Surprises at FOMC Meeting - Tapering Continues, Deposit Rate Review for 2013 and Predictions for 2014, President Nominates Janet Yellen as Fed Chair - What It Means to Savers, FOMC Statement Suggests Longer Wait for Savers, Rep. Rothfus: “Is That Printing Money”, Chmn. He seems to want more flexibility for the Fed’s decision about the first rate hike.


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