Q4 2016 Results, Trends and Insights
The Federal Reserve raised its benchmark Fed Funds rate by a quarter point, and signaled that the likely path for short-term rates is three more one-quarter point increases in each of 2017 and 2018.
Credit-card reward programs can look like ridiculously generous giveaways. But banks have sophisticated ways of ensuring that the programs ultimately make a profit. “They’re no dummies,” Edward Niestat, managing director at consulting firm Novantas, said of the analysts who design reward programs.