Here’s how to read and interpret the dot plot. Want to know where interest rates are headed? During tumultuous economic times, it’s normal to search for answers about what’s to come for your finances. While there’s no way to predict...
Take these steps now to protect yourself from future financial hardship. 2025 has been off to a rocky start. Consumer confidence has plummeted thanks to persistent inflation, market volatility, and other challenges created by the new administration’s aggressive tariff policies....
The US economy contracted for the first time in three years to start 2025 as a surge in imports dragged down GDP and prices increased more than forecast. The Bureau of Economic Analysis’ advance estimate of first quarter US gross...
The Federal Reserve is in a tough spot following new data Wednesday reinforcing slower economic growth and higher inflation during the first quarter, a combination that may eventually force the central bank to choose between its dual goals of maximizing...
The Department of Education announced on Monday that major collections efforts against millions of defaulted federal student loan borrowers will be resuming in a matter of weeks. These efforts will include involuntary collections activities that allow the government to intercept...
Federal Reserve Governor Adriana Kugler said on Tuesday that with U.S. import tariffs significantly larger than expected and likely to put upward pressure on prices, the central bank ought to keep short-term borrowing costs unchanged until inflation risks recede. Kugler...
Unemployment concerns are on the rise among American workers as fears about the labor market in March reached levels last seen during the pandemic, according to a new survey released by the Federal Reserve Bank of New York on Monday....
Tax Day is upon us, and if you need more time to do your taxes, you’re not alone. Millions of taxpayers are granted extensions every year for all kinds of reasons, including that they just couldn’t get their paperwork together...
In 2021, the average 30-year mortgage rate fell below 3% — now it’s well over 6%. If you’re in the market for a mortgage loan, you may be wondering if you should wait until interest rates fall significantly before buying...
It’s been one of the most chaotic stretches for US markets in recent memory. The S&P 500 (^GSPC) fell more than 10% in just three days. The three-day collapse in stocks following President Trump’s tariff announcement sits just below the...
President Trump surprised markets again on Wednesday, announcing steep reciprocal tariffs on a range of trading partners in addition to a “baseline” reciprocal tariff rate of 10% in a move that sent markets tumbling. “The tariffs were definitely worse than...
Businesses around the globe on Thursday faced up to a future of higher prices, trade turmoil and reduced access to the world’s largest market after U.S. President Donald Trump confirmed their worst fears by instituting broad tariffs worldwide. Trump ramped...
A revolutionary new technology comes along and infatuates investors with its seemingly limitless possibilities. Euphoria sparks a stock market rally. Eventually, things get overheated and share prices become ridiculous. Then it all collapses. Sound familiar? It happened exactly 25 years...
Determining how much of your income should go to your mortgage should start with your budget and long-term financial plan, but there are also some industry formulas you can use to help. One of the simplest is a rule of...
Fed Chair Jerome Powell did not shy away from the impact of President Trump’s tariffs during a highly anticipated press conference Wednesday. The Federal Reserve chairman said in no uncertain terms that Trump’s trade agenda would be likely to drive...
