The toxic combination of a four-decade high inflation and the Federal Reserve’s aggressive interest rate hike campaign has increased the odds of a recession within the next year.
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Given the inflationary pressure on households, you might expect that older Americans who stepped out of the labor force amid COVID, would flow back in.
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Members of the college class of 2022 may not consider themselves lucky. After all, COVID-19 robbed many of them of the complete college experience. Perhaps their reward is to graduate in one the hottest job markets in decades.
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With inflation near 40-year highs and more Americans struggling to pay bills, another category of debt has nudged its way into the conversation: Buy Now Pay Later.
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On Friday, the bear came out and started roaring, but by the end of the day, he had retreated to his cave, perhaps using the weekend to rest up and come out again.
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Despite your fervent wish to avoid down markets at all costs, I have bad news: being a long-term investor means that you need to do just that.
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On the day that the Federal Reserve raised interest rates by a half of a percentage point, stocks shot up by about 3 percent. A mere 12 hours later, the party was over.
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Just over a year ago, hopes were high for a post-pandemic surge in activity, encouraging economists and bullish investors to wager that the U.S. economy was entering a new Roaring Twenties.
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The U.S. has a burgeoning housing affordability crisis and it's likely to persist longer than high prices in grocery stores and at gas pumps.
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