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Refinancing your student loans with Earnest can help you pay them back on a timeline that works for you

“This is especially true if you have private student loans, although federal student loan borrowers may be able to save money with a student loan refinance as well” writes Clint Proctor for businessinsider.com. If you have federal student loans, it’s important to point out that they come with special benefits, such as student loan forgiveness options and income-driven repayment plans.And if your student loans are private, refinancing them with Earnest could be a major slam dunk. Source: businessinsider.com

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Fed’s Bullard: ‘More normal’ yield curve bullish sign for 2020

“Key measures of the U.S. Treasury yield curve have now returned to a more normal, positive slope, possibly a bullish factor for 2020.”” writes Midwest Communications Inc for 95kqds.com. That policy shift, he said, appears to be taking hold, with the change in the shape of the yield curve a main bit of evidence.LOUISVILLE, Ky. (Reuters) – The reaction of U.S. bond markets to recent Federal Reserve interest rate cuts could be a “bullish” factor for the economy next year, St.The Fed has reduced interest rates three times this year,…

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Why Have Shrinking Net Interest Margins Not Dragged Down HSBC’s Revenues?

“Net Interest Income represents the interest earned by a bank through loans and other assets net of any interest it pays to deposit holders” writes Trefis Team for nasdaq.com. HSBC’s (NYSE: HSBC) net interest income has remained flat over the first nine months of 2019 compared to the same period last year despite falling a notable reduction in its net interest margin figure.The primary reason behind HSBC’s stable net interest income has been stronger growth in the bank’s Interest-Earning Assets compared to its Interest-Bearing Liabilities.Interest-earnings assets have increased by $88…

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Got Bitcoin? US Fed Warns National Debt Growth Is ‘Not Sustainable’

“Debt-driven economic policy and its consequences were the main motivation behind Bitcoin (BTC), which appeared after the 2008 economic crisis” writes William Suberg for cointelegraph.com. The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it.Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing faster than nominal GDP. “Ultimately in the long run that’s not a sustainable place to be,” he said. Source:…

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Gold inches down as hawkish Fed weighs on safe-haven demand

“Spot gold was down 0.1% at $1,461.50 per ounce, as of 0141 GMT, while U.S. gold futures were flat at $1,462.40 per ounce” reports cnbc.com. The months-long China-U.S. trade war has brought turmoil to financial markets and sparked fears of a global economic slowdown, pushing up gold prices more than 13% this year.Gold prices edged down on Thursday as bullion’s safe-haven appeal was dented by hawkish signals from the U.S. Federal Reserve on further interest rate cuts, citing growth in the U.S. economy, a strong labor market and steady inflation.…

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Fed Chief Powell Says “Sustained Expansion” Likely for Economy

“You tend to see negative rates in the larger economies at times when growth is quite low and inflation is quite low” writes Min Read for reuters.com. Powell’s opening statement, in fact, emphasized that even after a year in which many market analysts saw a rising risk of a U.S. recession, the Fed’s outlook is for continued growth.We have growth, we have a strong consumer sector, we have inflation …WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell on Wednesday pushed back against a favorite talking point of President Donald…

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Fed chair dismisses as ‘certainly not appropriate’ Trump’s push to slash rates until they’re effectively negative

“Trump claimed the markets would have risen by an additional 25 percent if the Federal Reserve had kept interest rates lower” writes Reporter Covering National for washingtonpost.com. He attributed some of the economy’s recent strength to the Fed’s campaign to lower rates this year.In his assessment of the economy, Powell cited historic low unemployment and strong consumer spending as factors that are keeping his outlook upbeat.But in the “new normal” of lower rates, lower inflation and lower growth, the Fed doesn’t have “that kind of room.” The Fed is the…

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Gold, silver prices score first gain in 5 sessions

“Powell said interest rates are on hold absent a material deterioration of the economy” writes Markets Commodities Reporter for marketwatch.com. Hatzigiannis, however, said he does not expect the impeachment process to affect gold trading. “If it goes through the Senate then we can start taking it serious,” he told MarketWatch. January platinum PLF20, +0.59%  rose 0.3% to $872.60 an ounce and December palladium PAZ19, +0.26%  climbed 0.4% to $1,676.10 an ounce.Both metals posted losses in each of the last three trading sessions.Elsewhere on Comex, December copper HGZ19, -0.21%  traded at…

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NZ keeps interest rates unchanged, dashing easing expectations

“The decision to keep the official cash rate at 1.0% dashed market expectations for a cut and sent the New Zealand dollar soaring” writes Midwest Communications Inc for 95kqds.com. A record of Wednesday’s meeting showed the committee agreed that an accommodative monetary policy remains necessary to continue to meet their inflation and employment objectives.A lower New Zealand dollar exchange rate this year provided a useful additional offset to the weaker global economic environment, RBNZ said.The New Zealand dollar rose to $0.6413 from $0.6300.We will continue to monitor economic developments and…

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