#federal

Can someone explain the systematic side-effects of the federal rate increase?

( www.reddit.com )

Can someone explain the systematic side-effects of the federal rate increase? From my very limited understanding, they’re trying to get people/companies to stop borrowing money by making loans more punishing, and incentivize putting money back into bank (banks need the money.) For example, I read that the increased rates benefit essentially any form of deposit (CDs, savings accounts, checking accounts, etc.) Otherwise, t…

Reddit Personal Finance 128 2023-07-29

Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

( www.coindesk.com )

Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s announcement has led to a fresh airing of warnings …

Coindesk 152 2023-07-22

Senators propose latest federal NIL framework

( www.espn.com )

Senators propose latest federal NIL framework Proposed legislation from three U.S. senators includes federal NIL regulation, while also requiring NCAA schools to be more transparent about their finances and to set aside funds to support athletes beyond their playing careers.

ESPN 150 2023-07-20

First three paychecks have zero federal tax taken out. US

( www.reddit.com )

First three paychecks have zero federal tax taken out. US Took the first half of this year off work for sabbatical. Started a new gig in May, and my first three paychecks have had *zero* federal income tax taken out. When I inquired with my HR to ensure I didn’t make some mistake, they said it was because of my dependent deductions (3 kids, so $6,000). Never had this happen in previous jobs/years. Did …

Reddit Personal Finance 198 2023-07-19

Should I take out a Federal Subsidized Student Loan next semester to pay off an Unsubsidized loan I took out last semester?

( www.reddit.com )

Should I take out a Federal Subsidized Student Loan next semester to pay off an Unsubsidized loan I took out last semester? Because of variety of factors, I am thinking of taking out a federal student loan this upcoming semester to pay off a $1,000 unsubsidized loan I took out last semester. I figured out that because interest is going to begin accrue I benefit way better by turning it into a subsidized loan. Any advice or tips I should know, I have thought about it …

Reddit Personal Finance 186 2023-07-08