U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve’s aggressive monetary policy… Read More »U.S. consumer spending powers ahead in October; inflation cooling
Central bank’s business contacts saw greater economic uncertainty amid inflation and higher interest rates U.S. economic growth eased this fall with business activity in some parts of the country stalling or declining, the Federal Reserve… Read More »U.S. Economic Growth Slowed This Fall, Fed’s Beige Book Says
Federal Reserve Chair Jerome Powell signaled that the central bank will slow its pace of rate hikes(opens in new tab) next month, but stressed that borrowing costs will remain high for the foreseeable future in a bid… Read More »Fed Chief Jerome Powell Signals Slowdown in Rate Hikes: What the Experts Are Saying
KEY POINTS You’ve got about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts. Required minimum distributions, or RMDs as they’re called, are annual amounts… Read More »How to avoid mistakes with required minimum distributions from your retirement accounts
The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up… Read More »Interest rates increase for the first quarter of 2023
There is growing support for going cashless in the United States. Would you like cash back? When the choice comes up while you’re paying digitally, you probably decline most of the time; hard currency is… Read More »The Way We Pay: Cash Isn’t King in These States
Nine Straight Months In January of this year, the number of single-family homes sold rose month-over-month, according to the National Association of Realtors®. Since then, the metric has fallen each month, coinciding with a rise… Read More »Watching Rates and Inventory as Home Sales Keep Falling
Markdowns of up to 80% help drum up interest in the secondary market for shares in unlisted companies Tech startups are plunging in value in private trades, mirroring the big markdowns of their publicly listed brethren over… Read More »Tech Selloff Catches Up With Private Startups
Careful tax planning can mean fewer surprises when it comes time to file. Here are a few tips to consider before the year winds down. With the holidays right around the corner, taxes might be… Read More »5 Tax Moves to Consider Before Year-End
The job market — although still hot — is slowing, and many Americans who had been working from home are being called back into the office Lori Black has been firing off dozens of applications… Read More »The great mismatch: Remote jobs are in demand, but positions are drying up