about what can be done to salvage the US economy will be dominated by whether the Federal Reserve will launch a QE3. So far, the Fed has reported that unemployment, housing, and consumer spending have been strong enough to keep the option off the table. Some Fed members believe that a new round of easing will create inflation. Others says it is a small price to pay to keep GDP at a level of better than 2% improvement. An announcement of QE3 may be the only factor which could drive the markets back up. But, between now and any proclamation by the Fed, the arguments on both sides may impact trading.
Douglas A. McIntyre
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.