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1,884 results found
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US Fed governor opens door to half-point rate hike in March
WASHINGTON (AP) — Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional
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Why supply chain security affects organizations everywhere
Supply chain security is becoming a priority for organizations everywhere. The pandemic exposed the need for more secure and resilient supply chain
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5 labor trends HR can expect in 2024
Good morning! Indeed’s Hiring Lab released its 2024 jobs and hiring trends report this morning, examining changes in job postings, labor
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Why the Best Time to Sell a House Is Shifting Later in the Year
In most years, the best time to list a home for sale is May. But last year, the optimal time to put your house on the market came a little later, in
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While all businesses are facing challenges due to
While all businesses are facing challenges due to high interest rates, inflation and staffing shortages, nonprofits have been hit especially hard.
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4 Things Small Businesses Should Consider In Today’s Economy
The increasing complexity of the current economic environment can be overwhelming for business owners, and this concern is only amplified by the ongoing conversations and coverage in the media.
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Why is LIBOR being discontinued?
LIBOR was introduced in the 1980’s as a benchmark interest rate that was intended to reflect banks’ average cost of short-term, wholesale unsecured borrowing. Over time, and particularly during the financial crisis that began in 2007, banks became less and less reliant on inter-bank lending. As a result, the number and dollar volume of transactions from which LIBOR was derived declined dramatically. To make up for this shortfall, LIBOR panel banks resorted to using “expert judgment” when submitting various rates used in calculating LIBOR. This left it susceptible to manipulation and fraud.
In 2017, the UK Financial Conduct Authority (FCA), the regulator for LIBOR, announced that after December 31, 2021, the panel banks would no longer be required to submit settings for LIBOR. (This has since been revised to June 30, 2023, for most LIBOR tenors.) This announcement effectively started the countdown to the end of LIBOR.
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Homebuying Success
Homeownership is one of the primary ways to build wealth, and as equity builds, it provides owners with a vital financial resource to tap. there is no “perfect” time to buy a home. Rates are continually fluctuating, and home prices are expected to moderate throughout 2023. The best time to buy is when you’re ready to b
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Cash In on Your Home Equity
For the nearly two-thirds of Americans who own a home, tapping into home equity can be an affordable and flexible way to borrow money. Of the two
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Fed keeps key rate near zero, sees inflation as 'transitory'
WASHINGTON (AP) — The U. S. economy is quickly strengthening, inflation is showing signs of picking up and the nation is making progress toward defeating the viral pandemic. But on Wednesday, Chair Jerome Powell made clear that the Federal Reserve isn't even close to beginning a pullback in its ultra-low interest rate