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There’s no doubt that the automatic budget cuts, which entered impact earlier this month, are anticipated to leave a lasting result on the U.S. economy. Today, eyes will be on Federal Reserve’s chairman Ben Bernanke and the central bank’s response.

  • PerkStreet’s mobile banking application for iPhones is now offered for download through the Apple App Shop. It was announced nearly 2 weeks ago. At the time, the app was sent and awaiting approval. The Android version of the app was released right after the announcement.
  • A brand-new quarter is simply around the corner, meanings that specific credit card individuals will have the ability to earn 5 % incentive cash back in new shopping groups. Those with Citi Dividend, Chase Flexibility and certain Discover cards could start to enlist their cards in the new groups. And, anybody who still wants to take advantage of the current bonus classifications must do so in the next 2 weeks.
  • The Federal Reserve will hold its following board conference on Tuesday. There will likely be wonderful emphasis placed on the central bank’s ideas regarding the improving work rate in February. Additionally, it’s the first time that the Fed held a conference since the sequestration cuts, which is expected to affect jobs figures.
  • Lawmakers are thinking about a new rule that’ll peg rates of federal Stafford university loans to particular market signs. It’s a step that could quit political uncertainty from influencing student-loan rate of interest. Proponents of the guidelines likewise believe that it will increase qualification for this kind of pupil loans.
  • Lenovo, a major producer of desktop computers, laptops and tablets, prompted at the possibility of brand-new notebooks and tablet devices that support tap-to-pay functionality (i.e., spending for on-line purchases by tapping a charge card against the gadget). We could see these gadgets by the end of the year.