These 3 factors could impact the US economy in the coming months
The United States economy is facing economic risks from three factors across the globe, according to a new Bank of America outlook. Here's how they could affect your wallet.
Biden announces Fed nominee Michael Barr after Raskin withdrawal
President Biden will nominate Michael Barr to be vice chair for supervision of the Federal Reserve after the failed nomination of Sarah Bloom Raskin.
2-year personal loan rates up slightly but remain near record lows, Fed reports
Creditworthy borrowers may want to take out a personal loan to consolidate debt or cover an unexpected expense while annual percentage rates are near record lows.
Wholesale prices surge 11.2% in March, highest level on record
Wholesale prices surged again in March as strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine continued to fuel the highest inflation in decades.
Red-hot inflation report amps up pressure on Federal Reserve to act
Inflation rose in March at the fastest pace in 1981, ratcheting up pressure on the Federal Reserve to move even more aggressively to tame soaring consumer prices.
Fed considers reducing balance sheet by $95B per month, but what could it mean for your wallet?
The Federal Reserve released its minutes, which showed it will continue reducing its balance sheet and raising interest rates.
The 'real cure' for inflation is keeping US dollar stable: Steve Forbes
Steve Forbes, chairman and CEO of Forbes Media, weighed in on the latest inflation data, blasting the Federal Reserve for its approach to curb price hikes.
Inflation surges 8.5% in March, hitting a new 40-year high
Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans.
Biden admin, Fed policies leading to 'troubled' US economy: Forbes
Steve Forbes, chairman and CEO of Forbes Media, blasted President Biden and the Federal Reserve for their economic policies, arguing that a recession is on the horizon as a result.
Americans' inflation fears surge to another 11-year high, New York Fed survey shows
Americans' inflation fears skyrocketed again in March, with concerns over rising prices hitting the highest level in more than a decade, according to a key Federal Reserve Bank of New York survey published Monday.
Mortgage rates surge once again – here’s how to keep your rate down
Mortgage rates are on the rise, growing closer to 5%. Here's what borrowers can do to keep their rates low.
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
Soaring interest rates create 'barrier to the American dream': Former investment banker
Carol Roth, a former investment banker and author, argued that rising interest rates are creating a “barrier” for those pursuing the American dream.
Fed's Bullard warns central bank still seems 'behind the curve' on inflation
St. Louis Federal Reserve President James Bullard said Thursday the U.S. central bank remains well behind in its fight to cool the hottest inflation in four decades.
Fed signals half-point interest rate hike 'appropriate' at future meetings
Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.
Former Fed official warns central bank walking ‘very thin’ line, predicts when US will face recession
Former Kansas City Fed President Thomas Hoenig forecasted when a recession in the U.S. could happen amid the central bank's expected aggressive tightening measures.
Fed's Brainard hints at aggressive policy tightening as inflation roars
Federal Reserve Governor Lael Brainard suggested on Tuesday that central bank policymakers could soon move aggressively to tighten policy as it seeks to cool red-hot inflation.
Jamie Dimon warns US economy faces major risks from inflation, Russia-Ukraine war
JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that the U.S. economy faces a potential convergence of unprecedented risks in the year ahead that have him preparing for the worst.
March jobs report likely solidifies a big Fed rate hike next month
The March jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.
Government spending to blame for inflation spike, San Francisco Fed study says
Researchers at the Federal Reserve Bank of San Francisco say that massive government spending during the pandemic has caused U.S. inflation to surge more than in other developed economies.



















