Greg McBride

The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major...

President Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair and will nominate Fed Governor Lael Brainard as vice chairman. Biden was widely expected to nominate either Powell or Brainard for the position of Fed chair. Powell was...

The U.S. stock futures market fell at the open Sunday evening, not long after the Federal Reserve cut interest rates to zero to 0.25%, the first time interest rates have been that low since the 2008-2009 financial crisis. "The coronavirus outbreak has harmed communities and disrupted...

Trading was halted right after the Monday's opening bell on U.S. stock exchanges as the S&P fell 7%, triggering the automatic circuit breaker stoppage that was put in place after an earlier "Black Monday," in 1987 and updated after the 2008-2009 financial crisis. "Markets...

Fears of coronavirus contagion sent global stocks tanking Monday after reports of virus outbreaks from countries outside of China, even as the number of the reported cases dwindled in the country of origin. Coronavirus Fears Compound The sell-off reflected investor fears that global growth is...

On Wednesday, the Federal Reserve delivered the interest rate hike the markets were expecting. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 2.25-2.50 percent. “The Committee judges that some further gradual increases in the target range for the...

U.S. stocks experienced their worst two-day stretch in years this week, with the Dow dropping 1,200 points on Wednesday and Thursday. Fears over the international trade war, rising rate hikes, the impact of Hurricane Michael, the upcoming U.S. midterm elections and a potentially disappointing Q3...

After effecting a rate hike in June, the Federal Open Market Committee (FOMC) of the Federal Reserve maintained rates between 1.75 percent and 2 percent at its Aug. 1 meeting. “The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a...

The generation that could kill off paper currency is still very much into cash. Thirty percent of millennials, defined as 18-37 year olds, said cash is the best place to park money they will not need for 10-plus years, according to a study from Bankrate. Despite record highs in the...

The rate hike came as no surprise. The Federal Reserve was widely expected to announce a 25-basis-point pop after its Wednesday meeting. Instead, it was the nuance of the policy statement that piqued reactions. “Seemingly comforted by domestic economic dynamism, and confident enough to brush...

February fools! After appearing to have begun recovery from the early week sell-off, the markets took another big dip Thursday. The S&P 500 closed down 3.8 percent, Dow Jones Industrial Average 4.2 percent and NASDAQ Composite 3.9 percent. The VIX closed up about 24 percent. Some experts had...

Janet Yellen, the pro tem chair of the U.S. Federal Reserve, is entering the final stretch of her time at the helm of the world’s most powerful and influential central bank. Yellen submitted her resignation Nov. 11, effective once her successor is sworn in next year. A Historic Stint...

The cost to retrieve your money has never been higher, but at the same time, it has never been easier to avoid the fees. On average, the cost to retrieve money from an out-of-network ATM stands at $4.69, which marks an increase of 2.6 percent from a year ago. On top of that, overdraft fees are...

Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday. As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in...

The financial security of Americans' continues to improve, according to Bankrate's Financial Security Index. For the 26th month in a row, the Bankrate Financial Security Index, which surveys individuals' sentiments toward debt, savings, job security, net worth and overall financial situation, "...