U.S. Economy
- Personal Finance
Inflation boosts U.S. household spending by $433 a month, on average, Moody’s finds
People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The…
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60% of Americans are living paycheck to paycheck heading into the peak shopping season
Just as the holiday shopping season gets into full swing, families are finding less slack in their budgets than before.…
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Here’s why it may take a while for housing inflation to cool off
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison…
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Sen. Elizabeth Warren calls Wells Fargo CEO ‘evasive,’ presses bank for fraud complaints on Zelle payment platform
Sen. Elizabeth Warren called Wells Fargo CEO Charles Scharf “evasive,” saying the bank’s answers to her questions about fraud across…
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Here’s what the Federal Reserve’s fourth 0.75 percentage point interest rate hike means for you
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on…
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Another interest rate hike from the Federal Reserve is on the way: Here’s how it may affect you
This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still…
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Prepare your finances for a recession despite strong GDP report, warn financial advisors: ‘Plan for more disruption’
Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from…
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There’s a lot of pain ahead for markets, strategist warns, arguing the rally looks short-lived
Key Points “I think the market rally is a breathing space rally,” Beat Wittmann, chairman of Switzerland’s Porta Advisors, told…
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‘The biggest takeaway is just discipline.’ What it takes to build wealth, according to top financial advisors
Pavlo Sukharchuk | Istock | Getty Images When it comes to financial uncertainties, the list of current possibilities may seem…
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Goldman Sachs, JPMorgan CEOs tip U.S. economy for recession as labor tightness keeps Fed aggressive
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia |…
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