Inflation Pressures Are Easing but Rate Cut Forecast Remains Uncertain

The New Year is beginning where the old one ended -- with uncertainty about when – or whether – the Federal Reserve will begin cutting interest rates.

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Industry efforts to block the cap on debit card interchange fees are intensifying as the deadline for implementing that new rule nears. 

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The best-laid plans don’t always work out exactly as anticipated. The tax cut Congress approved last year is a case in point. The Obama Administration had expected the $66.3 billion reduction in payroll taxes to fuel an increase in consumer spending, providing an additional boost to an economy that has been improving steadily, but too slowly to make much of a dent in the unemployment rate.

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AARP is suing the Department of Housing and Urban Development (HUD), challenging an agency policy that requires the surviving spouse of a reverse mortgage borrower to repay the loan in order to continue living in the home.

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Since Congress enacted the Dodd-Frank financial reform legislation, financial institutions have been trying to soften some of its sharper edges.