Why it’s still a tightrope-walk to an economic soft landing.
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While housing prices have skyrocketed in the past two years, the new year may bring a welcome relief to renters.
Climate change is colliding with another phenomenon called El Niño – and the results are already far-reaching, global, devastating.
Slowing inflation usually means prices are rising, just not as fast as before. But now there is actual deflation.
Interest rates and risk appetite to set the table for 2024…
It’s official: 2023 has been the year of the American consumer. The propensity for Americans to spend as though they have bottomless bank accounts has bolstered U.S. gross domestic product (GDP) growth all year and catapulted the nation back on…
Thanks to high demand for low-paying jobs in recent years, workers had plenty of leverage for bigger salaries and better perks.
Another month, another potential government shutdown. The U.S. House of Representatives did manage to briefly overcome its deep divisions long enough to elect a new speaker, Mike Johnson, a Republican from Louisiana.
The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in September – while American consumers continue to buy up a storm, charging their credit cards as…
America’s debt clock is ticking – the nation’s debt is at around $33.7 trillion and its deficit, in the latest fiscal year, has effectively doubled to punch above $1.7 trillion.
John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at up to $1 billion in the booming tax shelter of Puerto Rico.
As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely unaffordable in most parts of the country for the average American.
Americans are going to shop until they drop – Inflation and interest rates are up, the labor market is cooling, the pumpkins are out and the Halloween Federal Reserve meeting is nigh.
The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.
Federal Reserve chair Jerome Powell has met his match in the ongoing fight against inflation: skyrocketing oil costs.
Americans’ inflation-adjusted annual median income fell in 2022 to $74,580.