• May 6, 2005 | 12:16 p.m ET (by Russell Jones, Economywatch Producer)
As expected, the Federal Reserve raised key interest rates by another quarter point this week. How could the Fed's move impact your efforts to buy or sell a home? And will we ever see an end to the record breaking housing market of the last few years? We'll ask Vera Gibbons of Kiplinger's Magazine if there is a bubble and if it's about to burst.
Identity theft is an issue that's been in the news a lot over the past few months. It's become such an issue that Congress has called about a half dozen major CEO's up to Capitol Hill in an effort to put the ID Theft Genie back in the bottle. We'll hear what they have to say, what Congress plan to do about the problem and how you can do to keep your kids' (yes, your kids) identity out of the hands of thieves.
The American Dream... it's something we've all heard about. But with high gas prices, soaring healthcare costs and the ever-present tax man at the door, is it still something within reach for the average American? An article in this month's Money Magazine says yes, it is still possible to get rich in America. We'll get some tips on how to make it happen in your life.
More news from Wall Street. You may have heard that Standard and Poor's reduced the rating of the corporate bonds issued by General Motors and Ford to junk status this week. While that's big news for Detroit, it's even bigger news for the bond market. This on the same week that the U.S. Treasury announced they're thinking about bringing back the 30-year bond. So how about it? Are bonds a good place to invest for your hard earned money? We'll get some more advice from Vera Gibbons.
And finally, on this Mother's Day Weekend, we'll find out just how much mothers are appreciated at work and how much they'd give up to spend more time with family.
Economywatch airs each Saturday at 8 a.m. ET and every Sunday at 7 a.m. ET.