Why now is a smart time to build emergency savings
A majority of Americans say they can’t afford a $1,000 emergency expense, a recent report from Bankrate finds. Only 44% of Americans surveyed said they...
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial...
Inflation has created a dark cloud over how everyday Americans view the economy
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks...
Biden on CPI: Too many things unaffordable
U.S. President Joe Biden speaks about the Inflation Reduction Act of 2022 in the State Dining Room of the White House in Washington, D.C., on...
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal...
62% of Americans live paycheck to paycheck amid inflation
‘Inflation is still too high’ The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, even though...
Big Bankruptcies Hang Over Economy
Rising business bankruptcies are sounding alarm bells, especially as they increasingly involve large companies such as SVB Financial, Bed Bath & Beyond, and Yellow. Factors...
U.S. Treasury yields: investors weigh economic outlook
The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level...
60% of Americans are still living paycheck to paycheck
After a prolonged period of high inflation and higher interest rates, Americans are just getting by. As of August, 60% of adults said they are...
Can the U.S. Economy Survive Four Simultaneous Shocks at Once?
The U.S. economy is facing simultaneous threats: potential auto worker strikes, a possible government shutdown, the resumption of student loan payments, and rising oil prices....