Fed rate cuts are already over as focus shifts to hikes: BofA
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Tag: Federal Reserve
Americans are increasingly falling behind on their credit card bills, flashing a warning sign for the economy
The amount of credit card debt written off through the first three quarters of 2024 reached $45.7 billion, up 46% ...
Workers won’t accept less than $81,000 for a new role right now—despite fearing they’ll be jobless soon
Despite fears they may be jobless soon, today’s job seekers' average reservation wage is $81,147—up by almost $20,000 since March ...
What does Trump’s crypto support mean for Americans?
A tiny bit of shine came off bitcoin when Federal Reserve Chair Jerome Powell poured cold water on the idea ...
There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says
"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices." Read ...
Fed’s higher inflation forecast and rate projections rattle the stock market
BlackRock chief investment officer Rick Rieder calls it a "new phase" of the rate-cutting cycle. Read More Source link
Workers won’t accept less than $81,000 for a new job right now, New York Fed survey says
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Fed set to deliver third-straight interest rate cut
Fed Chair Jerome Powell may face questions about whether progress toward the central bank’s 2% inflation goal has stalled. Read ...
Inside the Fed, analysts reportedly avoid casual talk of tariffs in emails and meetings in case the comments are leaked and the central bank is perceived as anti-Trump
It appears Fed staff are erring on the side of caution, according to the New York Times, which cited people ...
Trump says on NBC he has no plans to replace Powell as Fed chair
“I think if I told him to, he would,” Trump said on NBC’s Meet the Press. “But if I asked ...
US debt sustainability now seen as top financial stability risk
The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a ...
Fed Chair Jerome Powell — no need to hurry on another interest rate cut
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in ...
Billionaire investor John Paulson won’t be Trump’s Treasury secretary
In the aftermath of the U.S. presidential election, all eyes have been on President-elect Donald Trump to see who he’ll ...
Leon Panetta says Trump’s economic plan has a ‘dark side’
President-elect Trump’s economic agenda—cut taxes and embark on a widespread campaign of deregulation—could risk running up the already skyhigh national ...
Elon Musk backs ‘#EndTheFed’ after Powell says he won’t resign
Tesla CEO Elon Musk expressed support for an idea to give presidents more control over the Federal Reserve, which could ...
How Federal Reserve’s latest rate cut will impact Americans
The Federal Reserve cut interest rates on Thursday for the second time in three months, likely setting the stage for ...
Fed rate cuts outlook: stronger economy means less easing
Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US ...
Stock market outlook: Roaring 20s could extend into 2030s
Since the U.S. economy began rebounding from the pandemic, market veteran Ed Yardeni has been banging the drum that a ...
Trump vs Powell could be first big fight over economy
Fed Chairman Jerome Powell’s curt but clear response on whether he would step down from his job under pressure could ...
At 56, the average U.S. homebuyer is now 7 years older than a year ago—shutting millennials out of the market
Homebuyers in the U.S. are older than they ever have been, and younger buyers are increasingly being crowded out of ...
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