A trader warily contemplates the signs for the future. (Xinhua/Wang Ying) (Xinhua/Wang Ying via … [+] Getty Images) Xinhua News Agency via Getty Images Recession is a frightening word. Whether …
Westend61 | Westend61 | Getty Images Access to personal cars remains important to Americans despite the growing monthly cost of ownership. The average monthly auto payment reached $733, a new …
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. The central …
WASHINGTON, DC – JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserve’s …
“The fear of interest rate increases has influenced people’s thinking — it’s not just the homeowners, it’s new buyers who wanted to get in before the interest rates went up …
“The cooling of the economy is only happening slowly,” Bank of America’s chief US economist Michael Gapen wrote in a recent investor note. “We think most committee members believe further …
The resilience of the jobs market continues to beat expectations and keep pressure on the Reserve Bank to lift interest rates even further. The official labour force data showed the …
A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images Don’t break out the party hats just yet: …
Nobel Prize-winning economist Christopher Pissarides believes there’s no need for the Federal Reserve to keep raising interest rates in the coming months, saying policymakers at the U.S. central bank should …
There’s still good news for investors looking to make some income. While Treasury yields fell after Wednesday’s lighter-than-expected inflation report, many still are yielding over 4%, or even 5% or …