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CNN CNN Newsroom With Ana Cabrera July 7, 2024

the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty much at zero during the pandemic as the federal reserve tried to encourage borrowing and spending. now rates are on the way up. the first hike was in march. then we saw rate hikes last may, last month. we know they are on their way up. i think what s parent to know is there is wide consensus there is much more ram to go in terms of where we see notes go. we put out a note yesterday ultimatel ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:36:00

Right now, if you have credit card debt, get rid of it. it will be more expensive, more rate hikes coming. one expert suggested is it might go as high as 20% on average for many credit card holders. so that means if you are rolling that balance from month to month, it will cost you more. and so, you know, there s credit card debt down, paying that down. do people need to be stocking away savings right now or is that not i mean a lot of people don t have that expendsable income, i suppose? yeah. you know, if you have room in your budget, definitely supersize your savings right now. we don t know a recession is coming. we know things are folky in the economy. right now if you got some extra. you need to put that away. that might mean you not taking that vacation or put off that big renovation project that you have been dying to do, since we re all home and looking ....

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CNNW CNN Newsroom July 27, 2011

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reid s plan can t pass the house, and not only is boehner s plan doomed in the senate, a great many house republicans don t like it either. so what happens now? well, time marches on. a never-before-seen default on u.s. debt and obligations could be just six days away, but potentially just as bad would be a downgrade of debt, and a downgrade that would say we are not reliable as we used to be. that could up the cost for borrowing for all of us. here is richard quest on cnn international, and the smart money still says default will be averted, but downgrade, is it inevitable, are foreign investors alarmed? no, it s not inevitable. nothing is in ....

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