The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3.75% and 4%, its fourth 0.75% rate hike in five months.
Roger Ferguson, former vice chairman of the Federal Reserve and a director on the board of Alphabet (NASDAQ: GOOGL) since June 2016, joined CNBC’s ‘Squawk Box’ earlier Monday to discuss the Fed’s
Due to stimulus payments and a period of decreased spending during the height of the 2020 pandemic, Bank of America Corp (NYSE: BAC) revealed that only 12% of its customers have account inflows 85% or less of their outflows.