Stock market will crash in 60 days, best-selling author on Lehman collapse warns
Market risk indicators are signaling one of the highest probabilities of a crash in the next 60 days. The Bear Traps report founder Larry McDonald advises on how to allocate your capital.
The Fed is expected to raise its interest rate hikes this year
The Fed is expected to increase its interest rate hikes after recently slowing down the pace. Fed Chair Jerome Powell told a Senate panel that the central bank may keep raising rates in light of stubborn inflation and a growing economy. Here’s how to deal with high-interest debt under any economic condition.
Private sector job growth grows by 242,000 in February, better than expected: ADP
Private U.S. companies added 242,000 new workers in February as the labor market remains strong even in the face of inflation and rising interest rates.
Larry Summers offers projection of how high Fed will lift interest rates, says recession could happen
Larry Summers on Monday offered his 'best guess' of how high the Federal Reserve will hike interest rates and said there could potentially be a recession.
Fed's Jerome Powell, Sen. Elizabeth Warren clash in tense exchange over rate hikes
Federal Reserve Chair Jerome Powell fired back at Sen. Elizabeth Warren in a tense exchange Tuesday over the potential impact of the central bank's interest rate hikes.
Americans feeling most pessimistic about financial future since 2010, survey shows
A Fannie Mae survey shows that Americans are increasingly pessimistic about their financial prospects amid rising interest rates and stubborn inflation.
Fed Chair Powell says interest rates are ‘likely to be higher’ than previously expected
The Fed may need to raise interest rates more than previously expected amid signs that inflationary pressures in the economy remain abnormally strong.
Fed Chair Powell in congressional hot seat as sticky inflation squeezes Americans
The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.
Fed’s rate moves put manufacturing sector at risk
Inflation and a slowdown in international demand threaten US manufacturing base. A looming recession and weaker manufacturing data has experts worried.
Jamie Dimon says Ukraine war, China his biggest economic concerns
JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Ukraine, and what it means for U.S. relations with China, are the top economic concerns.
Home prices could face double-digit drop in these 4 cities, Goldman Sachs warns
Goldman Sachs analysts warned in an analyst note that housing prices could drop by double-digits in four major U.S. cities that became pandemic boom towns.
Housing affordability is at the lowest level in over a decade
Americans' ability to buy a house is at the lowest level since 2006 because of high mortgage rates and steep home prices, according to Atlanta Fed data.
Fed signals more interest rate hikes needed to fight sticky inflation
The Fed said in its semi-annual monetary report to Congress that additional interest rate hikes are necessary with inflation remaining abnormally high.
Stock market in 'bull trap,' headed for more pain in March: Morgan Stanley
The stock market likely faces more losses in March as the Federal Reserve holds interest rates at an elevated level, according to Morgan Stanley analysts.
US home prices could plunge 20% amid risk of 'deep' housing slide, Fed economist warns
Dallas Federal Reserve economists warned this week that the U.S. housing market could face a steep drop in prices as the result of higher mortgage rates.
Lower mortgage rates are helping the housing market recover: Redfin
Recent drops in mortgage rates and other factors have shown evidence of a housing market recovery into 2023, according by Redfin. Here’s how you can compare mortgage offers and find the rate that’s right for you.
Fed likely to trigger a recession with higher interest rates, research shows
The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.
Gas prices drop again, but uncertainty remains: AAA
Gas prices decreased this week. But several factors ranging from the Federal Reserve’s actions to lower inflation and the war between Russia and Ukraine could push prices higher in the coming weeks.
Inflation gauge closely watched by the Fed accelerated more than expected in January
Inflation remains uncomfortably rapid, although it has cooled slightly from a peak notched in mid-2022, according to the PCE index released Friday.
US regulators warn banks of heightened liquidity risks in crypto-related deposits
Office of the Comptroller of the Currency joined the Federal Reserve and Federal Deposit Insurance Corp. in issuing the joint warning about crypto's risks.