Estate taxes are commonly called “death taxes” because they’re levied on the value of everything you own at the time of death. Only estates valued above a filing threshold, set in 2024 at $13.61 million, are taxed by the Internal … Continue reading →
Inflation reflects how prices of goods and services in the economy are changing. One measure of inflation is the consumer price index (CPI), which is the common headline number reported in the media. The numbers for the CPI are released … Continue reading →
Different interest rates are involved in the monetary policy process: The federal funds rate (FFR) gets most of the news headlines, but deeper reporting refers to the interest rate on reserve balances (IORB) and the discount rate, as well as … Continue reading →
Economics studies what is produced, how, and for whom, but always under the assumption that the desire to consume goods and services motivates work and trade. Real, per capita consumption is often the most informative consumption measure because it adjusts … Continue reading →
The FRED Blog has discussed the growth of 529 saving plans to pay for college expenses. Because withdrawals became tax-exempt in 2001, their value soared. Today we discuss another type of saving plan with tax benefits: individual retirement arrangements (IRA) … Continue reading →
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