The Fed sent out signals that it could be making a major new move as soon, which experts think could take the form of buying back up to $500 billion in Treasury Bonds. They could decide as soon as their next meeting on November 2nd, which also happens to be Election Day.
As growing global economic optimism begins to build, the market is betting that the Fed will raise interest rates by the end of this year. This will mean mortgages will get more costly and credit card APRs will rise, but the interest you make off your savings account will go up. [Bloomberg] (Photo: Ben Popken)