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U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says

Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.

AdminJun 19, 2022

Finance news

Inflation and recession fears are squeezing some industries more than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still...

AdminJun 19, 2022

Finance news

Here are the three things the Fed has done wrong, and what it still isn’t getting right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as...

AdminJun 18, 2022

Finance news

Pandemic-era checks rewired how these Americans see money: ‘Stimulus changed how I think about what’s possible’

Ciydemimages | E+ | Getty Images For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money. Diaz, a mother of three who lives outside Orlando, Florida, received more...

AdminJun 18, 2022

Finance news

Powell vows that the Fed is ‘acutely focused’ on bringing down inflation

Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of...

AdminJun 17, 2022

Finance news

Everyone knows inflation is on fire. This is what’s really fueling it

Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Inflation doesn’t just happen at the gas pump and the grocery store. There are literally hundreds of...

AdminJun 17, 2022

Finance news

A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’

Federal Reserve Chairman Jerome Powell’s insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone in his position would be expected to say. The trouble...

AdminJun 16, 2022

Finance news

Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck

South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees with salaries of $100,000 or more are...

AdminJun 16, 2022

Finance news

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting Federal...

AdminJun 16, 2022

Finance news

Stock futures rise after Fed raises rates by most since 1994

U.S. stock index futures were higher in overnight trading on Wednesday.

AdminJun 16, 2022

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Category: Finance news

U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says

Inflation and recession fears are squeezing some industries more than others

Here are the three things the Fed has done wrong, and what it still isn’t getting right

Pandemic-era checks rewired how these Americans see money: ‘Stimulus changed how I think about what’s possible’

Powell vows that the Fed is ‘acutely focused’ on bringing down inflation

Everyone knows inflation is on fire. This is what’s really fueling it

A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’

Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

Stock futures rise after Fed raises rates by most since 1994

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Category: Finance news

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