US GDP Skyrockets to 4.9% and Jobless Claims Soar to 210,000 The US Gross Domestic Product (GDP) surged to an impressive 4.9% annualized rate, exceeding all expectations and more than doubling the pace set in the previous quarter, according to a Bloomberg report. The strong economic performance is fueling speculation about how the US economy …
401k, IRA: How to Choose a Retirement Plan That’s Best for You Are you looking for a retirement savings plan? There are several options available, including traditional IRA, Roth IRA, 401k. It may be difficult for you to decide which plan is the best fit for you. This article will guide you in picking the …
When it comes to investing right now, owning corporate bonds could provide some advantages. JPMorgan’s Bryon Lake believes that their Ultra-Short Income ETF (JPST) is an ideal investment for those seeking to make money outside of the stock market’s volatility. “Some of these corporate bonds have higher quality than U.S. government bonds right now,” he …
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not indicate an end to its aggressive rate hike campaign. This provides little relief for households facing sky-high borrowing costs. In total, Fed officials have raised rates 11 times in the past 18 months, bringing the key interest rate to a target …
An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Bank of America suggests that a potential government shutdown in November could halt the Federal Reserve from raising interest rates, but not for the reasons commonly believed. The bank explains …
Artistgndphotography | E+ | Getty Images The Federal Reserve is expected to forgo an increase in interest rates during its upcoming meeting, according to industry experts. However, this may not bring any relief to consumers. Since last year, the central bank has raised interest rates 11 times, marking the most rapid pace of tightening since …
Westend61 | Westend61 | Getty Images Financial experts have long been warning of an impending economic downturn in the United States. The only question was when it would happen. However, some firms and experts are now retracting their predictions, casting doubts on the reliability of a once-trusted indicator of recession known as the yield curve …
Federal Reserve Governor Christopher Waller expressed optimism about the recent surge in economic data, which will provide the central bank with the opportunity to proceed cautiously in deciding on future interest rate hikes to tackle inflation. In an interview with CNBC’s Steve Liesman on “Squawk Box”, Waller stated, “That was an incredible week of data …
A stunning assortment of bitcoin, litecoin, and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies experienced a surge in value on Wednesday as investors grappled with the market’s summer lull and eagerly anticipated the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, on Friday. Bitcoin saw a rise of over 2% and reached …
Many Americans eagerly await their payday. According to a report by LendingClub, as of June, 61% of adults in the United States are living paycheck to paycheck. This means that they rely solely on their regular paychecks to cover essential living expenses, with little to no money left over. A survey conducted by Bankrate reveals …