Fed prepared to take stronger action if warranted, she says ‘Inflation is much too high and is subject to upside risks’ Federal Reserve Governor Lael Brainard called the task of reducing inflation pressures “paramount” and said the central bank will...
U.S. 5-year and 30-year Treasury yields on Monday inverted for the first time since 2006, raising fears of a possible recession. The yield on the 5-year Treasury note rose to 2.56%, while the 30-year yield fell to 2.55%. This is...
Russia's central bank kept its key interest rate at 20% on Friday following last month's massive emergency hike and said it would start buying OFZ government bonds, warning of an imminent spike in inflation and a looming economic contraction. Bank...
Covid cases surge above 5,000 to highest level since 2020 China’s outbreak comes as world grapples with Ukraine fallout The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater...
Federal Reserve Chair Jerome Powell will try to reassure lawmakers this week that the central bank will act to curb the hottest inflation in four decades while remaining flexible in the face of uncertainty posed by Russia’s invasion of Ukraine....
Odds for a 50-basis-point March Fed hike rise to almost 40% Two-year notes lead losses, yield heads for highest since 2019 U.S. Treasuries tumbled as the prospect of aggressive interest-rate hikes to cool inflation rippled through markets spooked by rising...
Asset shrinking to start in next few meetings, Brainard says Williams doesn’t see need for ‘big step’ in March rate hike Two top Federal Reserve officials backed raising interest rates in March to curb the hottest inflation in 40 years...
Greater-than-expected CPI could pressure a 50-basis-point move Fed policymakers usually prefer to move gradually at liftoff A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January...
The record surge in U.S. auto prices — which helped drive inflation to a four-decade high — may finally be over, say two firms that sell cars online. Used-car prices, which have risen at an annual rate above 50% at...
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, the Internal Revenue Service has...
The federal tax filing season will run from Jan. 24 to April 18 this year, the Internal Revenue Service said on Monday, warning in its announcement that staffing shortages and paperwork backlogs could make for a messy and frustrating experience...
While the pandemic and its economic repercussions have (rightly) dominated the news for nearly two years, they have obscured some dramatic and longer-lasting changes that have been rolled out for 401(k) investors. The Setting Every Community Up for Retirement Enhancement...
American Century, Vanguard among those passing on more than 20% of a fund through capital-gains distributions Amid the holiday cards coming in the mail and inboxes this season is a potentially not-so-nice greeting for some mutual-fund investors: capital-gains distributions. It’s...
Charitable giving during the holiday season this year takes on a new, happier meaning when it comes to tax deductions. Typically, most people aren't able to get a tax break when they donate money to a charity if they're claiming...
Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. There are not a lot of options for borrowers who lost too much income or their businesses during the pandemic, although they...
