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Deficit Shrinking Slightly According to Treasury Statement

If you examine the December Treasury Statement, it outlines the amount of money the government has collected and spent for each month. If you compare the current month with the recent fiscal year, which began back in October of 2011, to the year prior, this may seem complicated. However, as the year continues the taxes paid, . . . → Read More: Deficit Shrinking Slightly According to Treasury Statement

Reduce Debt and Boost Credit Scores

Recent reports by the Federal Reserve show that there has been a significant drop in U.S. consumer debt for the last seven quarters. The total amount has decreased by $992 billion from its highest point in the recent past. The reports have also confirmed that U.S. consumers have ‘deleveraged’ by $1 trillion approximately since the third quarter of 2008. Further more, the credit card debt levels have apparently dropped by $8 billion in the month of September.

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Interest Rates Surge As Fed & Congress Crush Debt Holders

The US Federal government is undergoing a bit of turmoil in the Stock Market. The Federal Reserve Chairman has declared the lowering of interest rates. The investors saw that rates had only risen since the former had got the air of the Treasury Buying Plan. The Chairman said that this will be done by his $600 . . . → Read More: Interest Rates Surge As Fed & Congress Crush Debt Holders

Federal Reserve Faces Conflicting Views Within The Body To Deal With The Prevailing Economic Crisis

It’s clear the Federal Reserve has conflicting views within the body as to whether a mild approach or a bold and more comprehensive approach to buy off more assets would be more effective. Charles Plosser, the Fed President of Philadelphia, mentioned the fact that he did not see the requirement for the Fed to purchase more assets in the present scenario. He also mentioned that views depend on how policymakers see the purchases working and what they are trying to achieve. Whether it be for nudging up inflation or lowering the number of unemployed people in the country.

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Federal Reserve Reports On Its 10th district

The U.S Federal Reserve reported in its latest Beige Book survey that Kansas and six of the nearby states saw moderate but uneven growth during the last several weeks.

Fed’s 10th District based in Kansas City released its own Beige Book report. Each of the district released their own individual analysis report. According to which Fed’s 10th District was one of the several districts that witnessed modest growth in the period between September and early October across the nation.

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Latest Figures Point at Stagnation In The US Economy

The Federal Reserve maintained its stance of being on a stand-by mode, after it abated the speculations of the possibility of a second round of quantitative easing at its latest policy meeting.

Latest figures from the US include manufacturing output from one of the most crucial industrial regions and were reflected in the Empire State index. Production in New York has been volatile lately and the upcoming report this Friday is expected to show a continuation of similar trends.

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Federal Reserve keeps federal funds interest rate low

According to the report from Federal Reserve meeting on September 21st Federal Open Market Committee decided to maintain target range for the Federal Funds Interest Rate between 0 and 1/4 percent. The committee will also continue reinvesting principal payments from its securities policies as it is set in the current policy. Prime rate as of 09/21/2010 . . . → Read More: Federal Reserve keeps federal funds interest rate low