Household finance
Treasury opens the door for employers to fund children’s Trump Accounts
New guidance lets companies contribute up to $2,500 a year, tax-free, to a worker’s child’s account, and lets parents add pretax payroll dollars.
Section
Money
The Fed, household cash, credit and what policy means for ordinary accounts.
Oakridge Lane
They Responded to a Simple Noise Complaint. Then Police Found $400K in Cash—and the Real Nightmare Began.
A suburban hum turned into a raid, $400,000 in cash, and a 48-hour nightmare.
Federal Reserve
Fed holds rates as July inflation cools, keeping an autumn cut in play
Officials left the policy rate unchanged and pointed to slower consumer prices, while warning that housing and services costs remain sticky.
Household finance
Households keep parking cash in money-market funds as bank yields lag
The gap between what a savings account pays and what a Treasury fund yields is still wide enough to move balances. Banks are not in a hurry to close it.