Economy May 19 Why Are Credit Card Companies Raising Rates on Good Borrowers? Question: My wife’s credit card has been paid off in full, every month, for at least 10 years running (since we have been married). In fact, there usually is a 2-3 dollar “credit” balance every month. (I always round up…
Economy Mar 17 How Do We Get Banks Lending Again? Question: Given our collective financial plight and our need for credit to survive, how do we get banks to be banks again (read: lend)? Can it be legislated – and if not, how can we surmount our impasse? Paul Solman:…
Economy Dec 16 Watch Fed Employs Bold Rate Cut to Boost Economic Growth The Fed slashed the target for a key interest rate to a record low of zero percent to a quarter point on Tuesday. Financial analysts examine the possible impact of the Fed's move.