U.S. Economy

No Relief for Bruised Markets as Fed Signals Higher Rates for Longer

A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than many investors were expecting.

U.S. Economy

Ray Dalio Foresees Persistent Inflation, Higher Rates, Slower Growth

Ray Dalio has little positive to say about what’s happening in the US economy, and what that means for the outlook for equities, given that inflation is running well above what most people and central bankers want.

U.S. Economy

Student Loan Forgiveness in Hands of "Understaffed and Overcommitted" Agency

The implementation of President Biden's widespread, income-targeted student loan forgiveness is shaping up to be a bureaucratic challenge for the U.S. Department of Education.

U.S. Economy

Fed Minutes Show More Rate Hikes Coming, but Pace Could Slow

According to the minutes of their July 26-27 policy meeting

U.S. Economy

Mortgage Demand Drops to 22-year Low as Higher Interest Rates and Inflation Crush Homebuyers

Surging inflation and interest rates are hammering American consumers and weighing on the housing market.

U.S. Economy

Inflation Spiked 9.1% In June – Hitting New 40-Year High As Price Surge Fuels Recession Fears

Overall prices rose 1.3% from May – surpassing the 1.1% economists were expecting and much higher than the previous month’s increase of 1%, according to data released by the Labor Department on Wednesday.

U.S. Economy

Fed Minutes Show Appetite For More Rate Hikes to Fight 'Entrenched' Inflation

The Federal Reserve was worried that inflation may become so entrenched in the U.S. economy that the public would question its resolve to fight it,

U.S. Economy

Can Higher Interest Rates Be Good for Consumers?

The Federal Reserve's strongest weapon in its fight against skyrocketing inflation is raising interest rates.

U.S. Economy

Fed Hikes its Benchmark Interest Rate by 0.75 Percentage Point, the Biggest Increase Since 1994

U.S. stocks soared Wednesday after the Federal Reserve approved its biggest interest-rate increase since 1994 but suggested moves of that scale likely wouldn’t become common.

U.S. Economy

Fed Starts Experiment of Tackling $8.9 Trillion Portfolio to Shrink

According to Bloomberg, the U.S. Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool alongside higher interest rates to curb inflation, though officials don’t know just how effective it will be.

U.S. Economy

The Federal Reserve Means Business when it Comes to Tightening Monetary Policy

After raising its benchmark interest rate by half a percentage point earlier this month

U.S. Economy

77% of Investment Fund Managers See Slowing Growth and High Inflation Taking Hold Over the Next Year

With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.

U.S. Economy

Shares Churn, Close Down; Yields Fall after U.S. Inflation Data

Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.