Consumer finance

How the Federal Reserve’s rate policy affects mortgages

The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates…

Workers are paying to get part of their paychecks early. It’s ‘payday lending on steroids,’ one expert says

Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a…

Annuity sales are on track for a record year. Here’s what to know before buying

Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock…

How many credit cards should you have? The answer isn’t zero, say experts

Who’d think a little plastic rectangle could be associated with so much mystery and angst? When it comes to credit…

Consumers are starting to fire up China’s pandemic-battered economy, two ETF experts find

China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the…

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to…