The House of Commons will attempt to break its Brexit deadlock on Wednesday with votes on alternatives to Prime Minister Theresa May’s divorce deal with the European Union. The exact way the so-called “indicative votes” will work is still the...
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government spending. The budget gap widened 77 percent compared with the...
Federal Reserve Chair Jerome Powell has repeatedly called out the ballooning U.S. national debt. He did so again while testifying to Congress on Tuesday. "The U.S. federal government is on an unsustainable fiscal path,” Powell told the Senate Banking Committee,...
Treasuries signal weak economic outlook while equities advance Stock bulls lack ‘fundamental support’ from bonds: Ned Davis It’s the latest chapter of the ever-raging battle between stocks and bonds. Treasury yields signal a brewing economic slowdown while equity bulls are...
Tax refunds are still coming in smaller versus last year after the second full week of filing season, the Internal Revenue Service reported on Thursday. Tax pros say lower paycheck withholdings during the year is the likely reason. The average...
The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American. The Treasury Department...
A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis. Economists warn that this is...
M2 money supply increased 31% in the week through Jan. 25 ​Points to worsening inflation and an even weaker currency Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data. That’s the fastest...
Treasury quarterly refunding sales to hit record $84 billion Agency reminds Congress of debt-limit deadline of March 1 The U.S. Treasury Department announced plans to issue another record-breaking amount of debt, giving President Donald Trump’s re-election opponents more ammunition as...
Federal Reserve Chairman Jerome Powell said Friday the central bank “will be patient” as it weighs future interest rate hikes in light of low inflation, adding that policymakers will also take into account recent stock market volatility. Powell seemed to...
Dovish bets in March 2019 eurodollar options exited en masse Rate-hike wagers creep back into OIS curve for coming year Bets that the Federal Reserve will raise rates again in March, which virtually disappeared from U.S. interest-rate options markets last...
Gap between 3-month and 10-year Treasury yields has plunged Fed chief Powell’s job has become ‘that much harder’: BMO Traders return to their desks in the new year with a familiar warning signal flashing even more strongly than before —...
The latest quarter-point increase brings the federal funds rate to a new range of 2.25 to 2.5 percent, which will have far-reaching consequences for consumers. That can be both good and bad. Here's a breakdown of what could happen to...
The final Federal Reserve interest rate decision of the year is here. At 2:00 p.m. ET, the Fed is expected to announce a 25 basis point increase in the target range for its benchmark interest rate for the fourth time...
Americans are living longer. From 1960 to 2016, the average American life expectancy increased by nine years. Despite the increase in life expectancy, workers are retiring at the same age as they did in 1960. Yet, the landscape of retirement...
