Why the US midterms matter even if you don’t live in America

'Government to decide who to help and who picks up the tab'

Helen Miller, director at the Institute for Fiscal Studies, speaks to the Today programme about challenges in the budget.

Treasury yields tick higher ahead of Federal Reserve interest rate decision

Bond yields moved higher early Wednesday as investors awaited the Federal Reserve's latest monetary policy decision, due later in the session. The 10-year Treasury note yield — the main benchmark for mortgages, auto loans and credit card debt — was more than 2 basis points higher at 5.0134%. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was up 1 basis point at 4.7494%.

We are in our 70s. Should we pay off our 2.5% mortgage or build up our savings?

“Let’s say 10 years from now, when I’m 84, we need a substantial amount of cash.”

Sprake: Fed Now Concerned About High Energy Prices (Video)