A stark message was just delivered by Federal Reserve Chair Jerome Powell: “The Fed will likely impose more large interest rate hikes in coming months.” He also warned more explicitly than he has in the past that the Fed’s continued tightening of credit will cause pain for many households and businesses. CLICK ON THE HEADLINE FOR MORE
The U.S. Senate just passed the Inflation Reduction Act of 2022—a climate, energy, healthcare, and tax bill that would increase IRS funding, and change some tax policy and tax credits. The House of Representatives is expected to take up the legislation on Friday, August 12th In the meantime, it’s good to have information about how the Act might impact your taxes. CLICK ON THE HEADLINE FOR MORE
While experts debate whether a recession will happen or when, most people are already convinced we’re headed for a downturn, a recent survey finds. High inflation is one of the biggest risk factors that make people think an economic decline is coming. For steps you can take to reduce your costs, CLICK ON THE HEADLINE
To have stagflation, you need both high unemployment and high inflation at the same time. Despite surveys sounding the alarm on stagflation, not everyone agrees it’s inevitable. CLICK ON THE HEADLINE FOR MORE
With mounting anxiety about an impending recession in the US, you may be concerned, or at least a little curious, about what this may mean for your finances. So how do you best prepare, save, invest and generally make smart money moves in these uncertain times? For some guidance to help navigate through this difficult financial period, CLICK ON THE HEADLINE
While the measures are beyond the historic norms, the U.S. has often used economic warfare in its history. The full effect on U.S. consumers as well as on the global markets is yet unknown, but experts predict the consequences of economic warfare can be wide-reaching. CLICK ON THE HEADLINE FOR MORE
Based on recent government data, there is good reason for asking how long inflation is here to stay. Financial advisors say inflation is a top issue in their work with clients. And for many of those clients, it is as much emotional as it is financial. CLICK ON THE HEADLINE FOR MORE
According to a recent survey by Fidelity Investments of 3,012 American adults, more than three-quarters believe they will be better off financially next year, partly because of changes they plan to make in the new year. CLICK ON THE HEADLINE FOR MORE
Inconsistent with the present economics paradigm, a Miami economist studied calendar anomalies to predict the chance of a recession in the next 12 months. Instead of a Wharton Ph.D., he only needed a phone’s calendar app. CLICK ON THE HEADLINE FOR MORE
Worries about the economy just increased when a fairly reliable recession warning emerged from the bond market. But now is a time to prepare, not panic. Financial experts say consider taking certain steps that are beneficial in any economy, CLICK ON THE HEADLINE FOR MORE