PrimeRates Market Talk: Taper Be Gone
The worldwide markets have seemingly come to the conclusion that The Fed has no intention of “tapering” its money printing…uh…bond purchases anytime soon. So, we go into...
Euro Zone Crisis Shrinks US Trade Deficit
The troubles causing the Euro Zone crisis may be rolling over to the shores of the United States.
Chairman Ben Bernanke Offers No New News in Press Release
Chairman Ben Bernanke holds a press conference once per quarter to give information to the press and public about the state of the economy.
Weekly US Jobless Claims Down 12,000
The U.S. DOL jobless claims report shows that fewer people applied for unemployment benefits for the week ending June 2.
June 6, Beige Book Report by the Federal Reserve Claims Modest, Sustained Growth
A moderate rate of growth was recorded for the US economy during April and late May 2012 according to the Federal Reserve’s “Beige Book.”
Redbook Report Shows Retail Sales Strong
The latest release of the Redbook Research shows that sales for the week ending June 2nd are up 3.1% from the same period one year ago.
CFPB Holds Financial Services Firms Accountable for Contractors’ Violations
Under the oversight of the CFPB, financial services institutions are barred from engaging in deceptive or abusive practices toward consumers.
Discriminatory Lending Practices Targeted by CFPB
The CFPB has the responsibility of acting as consumer watchdog for financial markets and will focus on discriminatory lending practices.
Consumer Financial Protection Bureau Investigates Arbitration Clauses for Financial Services
Financial services companies prefer the use of arbitration clauses for financial services because of speed, lower cost and fairness.
Consumer Confidence Drops Sharply in May
The drop in consumer confidence is surprising given last Friday the expectations for an improving economy were at their highest since 2007.
Case Shiller Shows Home Prices Continue to Decline
Home prices have a long way to come back if they are to reach pre-crisis levels.
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Dread Disease Policies and Accidental Only Policies: Are They Worth The Cost?
An insurance salesperson will make it sound like a health insurance policy, but it isn't. A dread disease policy is betting you will get a horrible disease.
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Overall Consumer Prices Unchanged in January
The Bureau of Labor Statistics reports that consumer prices showed little change in January, but he costs for other goods and services increased last month.
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Existing Home Sales Stable as Inventory Shortage Boosts Home Prices
According to the National Association of Realtors (NAR), existing home sales continued to trend upward in January.
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Consumer Financial Protection Bureau Teams Up With the City of Newark
The Consumer Financial Protection Bureau has recently teamed up with Newark to more effectively help those who feel they have been victims of credit fraud.
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Total Housing Starts Down but Single-Family Construction Strong
A 24.1 percent downturn in multifamily starts dropped the number of units to an annual rate of 277,000 and total housing starts to 890,000 units.
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Universities Are Required to Publish Net-Price Calculators
Colleges are required to put net-price calculators on their sites. Students now have a much more accurate picture of how much they spend on their education.
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