House prices can be out of sync with market fundamentals when there is widespread belief that the current robust price increases will continue An analysis by housing giant Freddie Mac suggests that the housing shortage has increased 52% from 2.5...
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...
Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadline looms, small-business owners, contractors,...
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...
Here's how to get an additional six months to file your 2021 tax return. For the 2021 tax year, individual income tax returns are due by Monday, April 18, 2022. However, the IRS acknowledges that not all taxpayers can meet...
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...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
As someone who writes about retirement all the time, I'm often motivated to do a personal checkup and see if I'm on track with my savings. And to that end, there's a host of free online tools available to run...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
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....
If rising prices have you worried, one way of insulating your nest egg comes straight from the government: Series I savings bonds. Right now they’re paying 7.12%. Inflation readings reached four-decade highs of 7.5%, the Bureau of Labor Statistics reported...
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...
Here's how to tackle tax season as a freelance employee. There are many benefits to being self-employed. Often, you'll get to set your own hours, work from whatever location you please, and take on projects that interest you. There are...
Saving money on taxes is a top priority for many Americans as it's never fun to send a lot of money to the IRS. The good news is, there are plenty of ways to reduce your tax bill – including...
