News 

Small-Dollar Donors Could Hold the Balance in 2020 Campaign

“These donors of small sums may hold the balance in the 2020 presidential and congressional campaigns, which political operatives and campaign finance wonks say likely will shatter spending records” writes Kate Ackley for rollcall.com. On the other side, technology platforms such as ActBlue and other means of electronic donating have given rise to small donors.FEC set the stage for super PACs, which have offered more pathways for the biggest donors’ money.President Donald Trump also tapped into small-dollar donors, reporting in his FEC filings that more than 25 percent of his…

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The most convenient tools to help pay off credit card debt can ultimately save thousands of dollars

“For instance, you might consider: If you’re leery about using another credit card to get out of credit card debt, that’s totally understandable” writes Holly Johnson for businessinsider.com. So let’s say you open the Citi Simplicity Card and transfer your credit card debt within the first four months.With balance transfer credit cards, you get the option to break the cycle and pay down debt as fast as humanly possible.Now let’s imagine you transfer your high-interest credit card debt to the Citi Simplicity Card.Here’s why a 0% APR is such an…

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The ‘debt snowball’ and ‘debt avalanche’ might sound gimmicky, but they’re both highly effective strategies to get out of credit card debt

“In some states like Alaska and Wyoming, where average household credit card debt is $13,048 and $11,546 respectively, many people are simply drowning in credit card bills” writes Holly Johnson for businessinsider.com. If you’re struggling to decide between the debt snowball and the debt avalanche method, don’t overthink it too much.Read More: How to be completely debt-free by 35, according to people who’ve done it That’s where debt repayment strategies come in — specifically, the popular “debt snowball” and “debt avalanche” methods.The debt avalanche works the exact opposite way of…

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China’s exports fall more than 20% in February

“Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion” writes Huileng Tan for cnbc.com. China’s February trade balance was also significantly weaker than expected at $4.12 billion.Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall. China’s politically sensitive trade surplus with the U.S. narrowed sharply to $14.72 billion in February from $27.3 billion in January.The country’s trade balance in January had been $39.16 billion. Source: cnbc.com

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News Regulators 

A ‘shock and awe’ rally scenario that could rip the market 7% higher

“Bottom Line: the Fed balance sheet specifics remains the next big macro event for US equities but this probably won’t arrive until the 3/20 meeting/press conf.,” Crisafulli wrote” writes Patti Domm for cnbc.com. Bank reserves are a portion of the Fed balance sheet and are currently about $1.6 trillion.He noted that Powell said the Fed this week that the Fed could conclude balance sheet normalization at $1 trillion in reserves, plus a buffer.But he noted the S&P is likely to consolidate the recent rally within the 2,750 to 2,800 range,…

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Markets News Regulators 

Fed Chair Powell says balance sheet decision market is waiting for is ‘close’ to happening

“He noted market pressures have contributed to the balance sheet calculus” writes Jeff Cox for cnbc.com. The Federal Reserve is close to a timetable on when it will stop reducing the amount of bonds it is holding on its balance sheet, Chairman Jerome Powell said Wednesday.Powell said he would expect the Fed to make a decision shortly that will be announced to the public.In Senate testimony Tuesday, Powell said market estimates of around $1 trillion for bank reserves, plus some buffer, were probably accurate for when the reduction would end. Source:…

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News Regulators 

Powell warns of headwinds, says the Fed is prepared to ‘adjust’ balance sheet unwind if needed

“In his semiannual testimony on the state of monetary policy, the central bank chief noted that the Fed is watching the state of affairs closely and is prepared to adapt policy if warranted” writes Jeff Cox for cnbc.com. More recently, though, officials have been conveying a message of patience with the future policy path, including both the approach to interest rates and to reducing the bonds the Fed holds on its balance sheet. Source: cnbc.com

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Mozilla: Exploring alternative funding models for the web

“We will be collaborating with Scroll to better understand consumer attitudes and interest towards an ad-free experience on the web as part of an alternative funding model” writes Peter Dolanjski for mozilla.org. Earlier this month, we shared our perspective about the need to find a better web ecosystem balance that puts publishers and users at the center of the online value exchange. Source: mozilla.org

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