Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the...
Fed increases rates a quarter point and signals a potential pause
The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the...
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released...
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2. Marlena Sloss...
Vaneck CEO: We’re at Very Beginning of Several-Year Bull Cycle for Gold and Bitcoin: Video
Jan van Eck, VanEck Associates CEO, joins ‘Closing Bell: Overtime’ to discuss his thoughts on where the market ends up this year, if gold is...
Treasury yields slip as banking system concerns grow
U.S. Treasury yields fell on Friday as investors considered what the Federal Reserve’s interest rate policy expectations could mean for the economy. A slide in...
Fed rate hike decision March 2023:
WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that...
Investment banker Whalen on bailouts: The public ‘will pay through inflation’
Radio host Dan Proft | Provided by Dan Proft During a recent appearance on Chicago’s Morning Answer, Christopher Whalen, an investment banker, chairman of Whalen...
Live: Fed Chair Powell Testifies Before the House Committee on Monetary Policy – 10:00AM, ET 3/8/23
Federal Reserve Chairman Jerome Powell speaks Wednesday morning to the House Financial Services Committee on the semiannual monetary policy report. [ad_2] Source link...
Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated
Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier...