Retirement is not an age. It’s a financial state of being. If you can survive on the passive income, produced by your investments, then you can retire comfortably. That state isn’t regulated to people who been on the earth for 65 years, working away. No, by investing your capital wisely,...
Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike. Plosser, who...
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their close...
A top Fed policymaker said on Friday, only signs of a much stronger U.S. economy will lead the Federal Reserve to hike interest rates before the middle of next year. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said he still felt the economy would probably strengthen enough...
Atlanta Fed President Dennis Lohckhar said the Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month. Lockhart told Reuters, “It is reasonable with the improving data...
With employers ramping up hiring and the unemployment rate sinking in the past year, pressure is rising on Janet Yellen’s Federal Reserve: Is the time near to raise interest rates to prevent a strengthening economy from igniting inflation? Employers, after all, have added an average 244,000 jobs a month since...
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