The most important question for the US economy in 2024 is whether and when the Federal Reserve will cut interest rates. With inflation still slightly above the Fed's 2% target, the central bank faces a dilemma: cutting interest rates too quickly could send inflation rising again, while keeping them too high could cause people to suffer unnecessarily. This decision could also affect the outcome of the presidential election. Wall Street and the White House are anxiously awaiting the Fed's next move.Given all this, one would reasonably expect that the relationship between interest rates and inflation would be thoroughly understood by…
Author: Private Lending Agent
Loans Writer, Lead Editor, Mortgages & Loans Tom ThunstromSmall Business Lending, SBA Loans, Business Loans ExpertTom Thunstrom is a business loans expert and self-described “recovering banker” who currently serves Delaware’s small business community as center director at the Small Business Development Center in southern Delaware. He has over 15 years of experience in small business finance and advising businesses on how best to grow and navigate a complex financial world. As the Delaware SBDC is part of the University of Delaware, Tom occasionally guides student cohorts through collaborative projects with small businesses to help businesses answer key questions or develop…
If you're looking to boost your savings, a high-yield savings account can offer competitive rates and help you grow your balance faster. However, not all banks offer high interest rates, so it's important to compare different banks to find the most competitive savings interest rate. Read on to learn more about where to find the best savings interest rates.What's the best savings interest rate today?Interest rates on savings accounts have been trending upward over the past couple of years. However, rates vary widely, and interest rates on traditional savings accounts are still fairly low compared to other types of deposit…
If you're looking to boost your savings, a high-yield savings account can offer competitive rates and help you grow your balance faster. However, not all banks offer high interest rates, so it's important to compare different banks to find the most competitive savings interest rate. Read on to learn more about where to find the best savings interest rates.What's the best savings interest rate today?Interest rates on savings accounts have been trending upward over the past couple of years. However, rates vary widely, and interest rates on traditional savings accounts are still fairly low compared to other types of deposit…
First and foremost, thank you to the readers who commented on Monday’s blog! I enjoyed the stories about your friends, family, and neighbours and their experiences with downsizing – or not. The comments were on point. The stories were enlightening. And Ace Goodheart provided a comment that really got me thinking: I don’t want to say, “I had never thought of that before,” but to some extent, I hadn’t. I mean I’d thought of it, but not like that. Why do some seniors remain in their homes until the end of their lives? I would think for most of them it’s because…
Images from the massive fire which engulfed a hardware and agribusiness in Ballymahon, County Longford, within minutes last night.Police and emergency services rushed to the scene after the fire broke out just after 5.30pm.These are shocking images capturing the moment a massive fire broke out at a business in County Longford yesterday evening.The fire broke out at Groark Brothers Hardware & Agri Supplies just after 5:30 p.m., with several firefighters and police officers rushing to the scene.The fire was quickly extinguished and police confirmed there were no reports of injuries.”Police and fire crews responded to the scene of a fire…
Cameron Ramsay (left) heads JLL's UK capital markets research and strategy team, and Noel Lander is a senior director in the firm's capital markets team. Over the past few years, rising interest rates and tougher financing terms have scared many institutional investors away from commercial real estate investments. But cash-rich ultra-high net worth investors, including both experienced real estate professionals and emerging investors, may be able to take advantage of recent price corrections to purchase “trophy assets” that have the potential to remain in their families for generations. Because private investors can act more nimbly than institutions, this could be…
In February, “longtime investor” Sonny Kalsi told Barron's that he expects the commercial real estate sector to bounce back in 2025. The magazine noted that Kalsi, who co-manages BGO, the investment arm of Canadian insurance company Sun Life, handles about $80 billion in commercial real estate investments. While the bottom 25% of office property has died out during the work-from-home pandemic, the top quartile of offices is still full and paying high rents, Kalsi explained.Moreover, buyers of the “middle 50% of office assets” stand to reap handsome gains. Meanwhile, the outlook for industrial real estate and data centers is brighter.…
In February, “longtime investor” Sonny Kalsi told Barron's that he expects the commercial real estate sector to bounce back in 2025. The magazine noted that Kalsi, who co-manages BGO, the investment arm of Canadian insurance company Sun Life, handles about $80 billion in commercial real estate investments. While the bottom 25% of office property has died out during the work-from-home pandemic, the top quartile of offices is still full and paying high rents, Kalsi explained.Moreover, buyers of the “middle 50% of office assets” stand to reap handsome gains. Meanwhile, the outlook for industrial real estate and data centers is brighter.…
Following the recent Fed meeting, it seems we’ll be stuck with our current credit card interest rates for a while. However, sky-high APRs could make it even harder for the growing number of people who are falling behind on their credit card payments. Credit card delinquencies increased to 6.86% in the first quarter of 2024, compared to 4.57% in the first quarter of 2023, according to the Federal Reserve Bank of New York. “An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households,” Joelle Scally, regional economic principal within the Household and Public Policy…