The Federal Reserve is expected to maintain its key rate on Wednesday after multiple cuts last year, leading to a wait for better loan deals for consumers but benefiting savers with stable yields. Economists anticipate a pause in rate cuts due to uncertainty surrounding President Trump’s policies, with the benchmark rate currently at 4.25 to 4.5 percent. Auto rates have been rising, credit card interest rates have slowed, mortgage rates have been volatile, and savings yields are still competitive. Student loan rates vary between federal and private loans, with federal rates resetting annually based on the 10-year Treasury bond auction in May.
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Nvidia and Broadcom: Here's How These Top AI Stocks Are Doing 1 Year After Their Stock Splits
In 2024, major companies Nvidia and Broadcom completed stock splits to make their shares more accessible after significant price increases of over 200% and 100%, respectively. Stock splits, like a 10-for-1 ratio, do not change a company's market value but increase the number of shares held by investors, facilitating broader participation. Explain It To Me Like I'm 5: Last year, big companies like Nvidia and Broadcom made their stocks easier to buy by splitting them...
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