Category: Media Updates

By Dashia Milden

With just over one week until the Federal Reserve’s last meeting of the year, CD and savings rates are still rising across the board.

As the Fed’s next decision looms, not only are experts predicting another rate hike, but the Fed Chairman himself has signaled that rates will need to go higher to tame inflation.

“We will stay the course until the job is done,” Chairman Jerome Powell said in a speech last week.

But the results of this year’s high interest rates, designed to tame runaway inflation, so far lag behind the Fed’s rate decisions. Despite a lower Consumer Price Index last month, “It will take substantially more evidence to give comfort that inflation is actually declining,” Powell said. “By any standard, inflation remains much too high.”

By Black and Brown Make Green podcast | Septembe 7, 2022

Joe Bautista is a Certified Financial Planner with Bautista Planning and Analytics. He is all about self-motivation, growth, and development. He is the author of The More You Know, The More You Grow and Your Daily Cup of Joe, a book with daily micro lessons to fuel your personal development. Joe joins us as the final CFP in our Money Tips from a CFP series. We talk about earning, keeping, and growing your money, living abroad, how he is prioritizing his spending now, and more. Joe started his career in the marines, has worked in D.C., and currently lives abroad in Columbia. Joe has such a varied background. He is the son of a Mexican immigrant who had a 3rd grade education. His parents declared bankruptcy when he was in high school, but none of those obstacles have slowed him down! Listen in to learn all about Joe and his tips and strategies for growth.

By Kimanzi Constable | August 29, 2022

When President Biden announced his administration would forgive $10,000 for borrowers making less than $125,000 annually, he effectively eliminated the student loans of 32% of all borrowers.

He also announced $20,000 in relief for those who received federal Pell grants, which are earmarked for low-income scholars, and extended the pause on student loan repayments until Dec. 31, 2022.

According to the Federal Reserve, the total student debt is estimated to be $1.75 trillion. Black students have to rely more on loans, and the average Black borrower still owes 95% of their balance 20 years later, according to the NAACP. While many borrowers are celebrating having their student loan debt forgiven, systemic inequality for Black borrowers still exists.