Tag Archive for: u.s. economic recovery

Fed Keeps Interest Rates At 0%, But Eyes 2022 Rate Hike

At its September 22nd meeting, the Fed announced it will hold the federal funds rate at its target range of 0% to 0.25%. But it also signaled rate hikes beginning in 2022 with perhaps three more in 2023.

Unemployment Benefits Were Tax-Free In 2020. Don’t Expect That In 2021

It's unlikely that lawmakers will decide to let those collecting jobless benefits in 2021 forego paying taxes. Anyone receiving those benefits now should plan to pay the IRS a portion of that money. CLICK ON THE HEADLINE FOR MORE

Economists Agree Inflation May Hit 5.5% This Year

Economists agree that inflation may rise up to 5.5% at the end of 2021 but are still uncertain what levels it will reach by 2022 and what policies the Federal Reserve Bank will take. CLICK ON THE HEADLINE FOR MORE

Will You Be Getting More Stimulus Money? These Proposals Suggest ‘Yes’

Millions of Americans continue to struggle financially as the economy begins to slowly recover from 2020. CLICK ON THE HEADLINE FOR MORE

Joe Biden Wants To Give You A $2,000 Stimulus Check — And It Could Be Quick

Joe Biden has called the current $600 round of cash a "down payment." The President-elect plans to lay out a proposal for a massive new COVID relief package, including fresh direct payments to Americans. CLICK ON THE HEADLINE FOR MORE