In the recent case of Royal & Sun Alliance v Equitas, the Commercial Court considered in what respects interest might… Related Stories Mitigation in personal injury claims Re/insurers warn of climate tipping point Bermudians lead climbers in strong week for insurance stocks
Commercial Court decides principles of claiming interest in re/insurance disputes Read More »
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the new tax deduction for paying interest on vehicle loans. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. What are the
Ask the Tax Editor: Car Loan Interest Deductions Read More »
Key Takeaways A Federal Reserve interest rate decision comes Wednesday, followed by remarks from Chair Jerome Powell. Meta Platforms CEO Mark Zuckerberg delivers a keynote at the company’s annual Meta Connect event. U.S. retail sales, housing starts, and jobless claims lead the week’s economic releases. FedEx, General Mills, and Bullish are among the companies scheduled
There’s growing speculation that the Federal Reserve might start lowering interest rates later this year or next. While no one can precisely predict when, it’s useful to consider how a lower rate environment could influence financial decisions related to housing, estate planning, taxes, investing and retirement. Housing Housing is often the most noticeable area affected
From Mortgages to Estates: Prepare for Lower Interest Rates Read More »
Key Takeaways The Federal Reserve’s interest rate moves directly impact the APYs savers earn. Rate cuts can erode consumer purchasing power. Pay close attention to Fed-related headlines for any clues regarding the direction of interest rates. Online banks may respond more aggressively to Fed policy changes. Consider ladders of long-term CDs or T-bills that may
What the Federal Reserve’s Expected Interest Rate Change Means for Your Savings Account Read More »
Key Takeaways Less than a week before the Fed’s policy committee is set to vote on interest rates, the makeup of the 12-person body is undecided. Key questions are whether Fed Governor Lisa Cook will remain on the committee despite President Donald Trump’s attempts to fire her, and whether the Senate will confirm a Trump
We Still Don’t Know Who At The Fed Will Vote On Interest Rates Next Week Read More »
Key Takeaways Federal Reserve interest rate changes can directly influence borrowing costs for small businesses. Falling rates create expansion opportunities for small-biz managers who are prepared. Rising rates squeeze cash flow and can increase business debt. Higher interest rates can translate into lower consumer demand. Financial resilience comes from planning ahead to be flexible. The
What the Federal Reserve’s Expected Interest Rate Change Means for Small Businesses Read More »
Key Takeaways President Donald Trump has pressured the Federal Reserve to lower its benchmark interest rate, saying doing so would help push down mortgage rates and interest the U.S. pays on its national debt. Mortgage rates are tied to inflation expectations, which could actually rise if investors believe the Fed is lowering its rate for
Why Trump’s Push To Lower Interest Rates Could Backfire Read More »
Key Takeaways If courts allow President Donald Trump to remove a key Federal Reserve official, his nominees could have the power to set interest rates as Trump wishes. Trump will have appointed five of the seven Fed governors if he replaces Lisa Cook on the Fed board. That would not constitute a majority on the
Firing of Fed Official Could Give Trump Control Of Interest Rates For Years Read More »
Key Takeaways Stocks soared on Friday after Federal Reserve Chair Jerome Powell left the door open for the Fed to cut interest rates at its September meeting. Stocks in the industrial and financial sectors led the Dow higher as investors bet lower rates would stimulate capital markets and construction activity. Homebuilders should benefit from lower
Here Are The Stocks That Are Likely To Benefit From Lower Interest Rates Read More »