Hosted on MSN10mon
Federal Reserve's interest expenses surged in 2023, leading to a loss for the year
As a result, interest expense on banks' reserve balances came to $176.8B in 2023, an increase of $116.4B from 2022. Interest expense on securities sold under agreements to repurchase was $104.3B ...
The Federal Reserve holds interest rates steady: Here's what that means for your money
The Fed paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate, ...