The Federal Reserve hiked its interest rates by 0.75% to fight inflation. The aggressive hikes risk igniting a recession.
Author: Elisabeth Buchwald, USA TODAY
What to avoid, what to buy? How to financially prepare for 2023 — in case of recession.
Economists widely predict the U.S. will enter a recession next year. Take the time now to build up savings and pay off debt, financial advisors say.
Buy now, pay later delinquencies could get ‘dangerously’ high. What will companies do about it?
Buy now, pay later companies like Affirm and Afterpay are seeing delinquencies tick up. That may cause them to deny access to certain users.
Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981
Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure
Falling gas prices are helping as Americans tackle higher cost of child care, utilities
Gas prices fell by 20% since their June peak. But Americans are getting hit with higher costs of utilities and child care, canceling out savings.
Average credit scores stopped jumping. Is that a sign of a recession?
During the pandemic, credit scores hit new highs. But now they’re leveling off as consumers are saddled with more debt and inflation is high
What does hawkish mean? Jerome Powell’s Jackson Hole speech signals this kind of Fed.
Jackson Hole symposium: Jerome Powell gave a hawkish speech that focused on lowering inflation. What does hawkish versus dovish mean?
Meme stocks are having another round of meme stock mania. What does that mean?
Meme stock frenzy: Shares of Bed Bath and Beyond, GameStop, AMC and APE are experiencing high volatility. Is meme stock mania back in full swing?
Jerome Powell is set to speak in Jackson Hole. Here’s what you need to know.
All eyes are on Fed Chair Jerome Powell’s Jackson Hole conference speech. It’s unlikely that he’ll hint at the size of the Fed’s next rate.
These everyday items saw the biggest price increases from inflation in July, CPI report shows
Inflation may have peaked, but consumers are still seeing much higher prices than last year. In July, some of the highest were eggs and coffee.