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New Report Finds U.S. Economy Might be the Most Terrifying Thing about Halloween 2013

October 29, 2013

GoBankingRates.com launches monthly financial report examining health of U.S. interest rates and markets.

LOS ANGELES, Oct. 29, 2013 /PRNewswire/ — As the Web’s only source of both national and hyper-local interest rate information, GoBankingRates.com has expanded its data aggregation and analysis with the launch of a monthly Markets Report. Key numbers surrounding the health of the economy, including interest rates, market indices, employment rate, and more were collected and analyzed by the site’s leading finance editors.

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To see interest rates in your area, go to http://bit.ly/193qYel.

“Interest rates have been held artificially low for years by the Fed, pushing the stock market artificially high. That’s a dangerous combination, especially considering the economy is still sluggishly recovering according to common indicators,” explained GoBankingRates.com managing editor, Casey Bond.

“The White House recently reported only 45 percent of wealth lost during the recession has been recovered. If you really consider the numbers, the most terrifying thing about this Halloween might be the state of our economy – especially for those nearing retirement age,” she added.

Below is a summary of the data presented in GoBankingRates’ October 2013 report.

                                 January 2013         October 2013         Difference         % Change YTD
                                 ------------         ------------         ----------         ------------

    Deposit Accounts
    ----------------

    12-Month CD                                  0.35                 0.31              -0.04            -11.20%
    -----------                                  ----                 ----              -----            ------

    Checking                                     0.12                 0.10              -0.02            -14.86%
    --------                                     ----                 ----              -----            ------

    Money Market                                 0.17                 0.15              -0.02            -11.49%
    ------------                                 ----                 ----              -----            ------

    Personal Savings                             0.13                 0.11              -0.02            -15.79%
    ----------------                             ----                 ----              -----            ------

    Loans
    -----

    4-Year Auto Loan                             4.08                 3.68              -0.40             -9.80%
    ----------------                             ----                 ----              -----             -----

    30-Year FRM                                  3.41                 4.49               1.08             31.67%
    -----------                                  ----                 ----               ----             -----

    Markets
    -------

    S&P 500                                  1,462.42             1,759.77             297.35             20.33%
    -------                                  --------             --------             ------             -----

    Dow Jones Industrial Average            13,412.55            15,570.28            2157.73             16.09%
    ----------------------------            ---------            ---------            -------             -----

    NASDAQ                                   3,112.26             3,943.36             831.10             26.70%
    ------                                   --------             --------             ------             -----

    10-Year US Treasury Yield                    1.86                 2.54               0.68             36.56%
    -------------------------                    ----                 ----               ----             -----

    Price of Gold                           $1,693.75            $1,347.75            -346.00            -20.43%
    -------------                           ---------            ---------            -------            ------

    Other
    -----

    Unemployment Rate                             7.9                  7.2              -0.70             -8.86%
    -----------------                             ---                  ---              -----             -----

For full dataset and analysis, please click here: http://bit.ly/17Utvon

About GoBankingRates.com

GoBankingRates.com (http://www.gobankingrates.com/) is a personal finance website that connects consumers with the best interest rates nationwide through its exclusive interest rate database, expert finance content, helpful tools,infographics, and more. GoBankingRates.com’s editors have been featured on several top media outlets, including U.S. News, Yahoo! Finance, Forbes, The Street, Huffington Post and more.

Contact:

Connie Lundegard
PR@GoBankingRates.com
310.297.9233 x112

SOURCE GoBankingRates.com


Source: PR Newswire