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Author: Medora Lee, USA TODAY

Money

How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

June 15, 2022Medora Lee, USA TODAYComments Off on How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

The Fed’s expected to raise rates faster and more aggressively to cut inflation. You should act fast to organize your debt and lock in mortgage rates.

Money

Interest in crypto, other digital assets still strong despite recent crash, survey shows

June 14, 2022June 14, 2022Medora Lee, USA TODAYComments Off on Interest in crypto, other digital assets still strong despite recent crash, survey shows

Interest in Bitcoin, other crypto and digital assets like NFTs remains strong despite the market’s recent plunge, a Bank of America survey shows.

Money

Stagflation vs recession: What’s the difference? Which is worse?

June 13, 2022Medora Lee, USA TODAYComments Off on Stagflation vs recession: What’s the difference? Which is worse?

Stagflation and recession are buzz words, but what do those mean and what are the odds of each? What does that mean for me and how should I prepare?

Money

Here are the stocks to buy as the market falls and inflation rises

June 9, 2022Medora Lee, USA TODAYComments Off on Here are the stocks to buy as the market falls and inflation rises

Despite high inflation, plunging stocks, and talk of a recession, experts say there are still some stocks that can earn you a return.

Money

Target plans discounts, inventory switch to match spending shifts as inflation soars

June 7, 2022Medora Lee, USA TODAYComments Off on Target plans discounts, inventory switch to match spending shifts as inflation soars

Consumer spending is quickly shifting, prompting swift action by retailers like Target to switch up its inventory and take cost-cutting measures.

Money

Gas prices surge again to record high but the driver is refineries, not oil prices

June 7, 2022June 8, 2022Medora Lee, USA TODAYComments Off on Gas prices surge again to record high but the driver is refineries, not oil prices

High oil prices are usually blamed for record gas prices, but there’s also a refinery shortage. More oil’s meaningless if we can’t convert it to gas.

Money

Inflation’s wrath has Americans racking up high debt. What at-risk households need to know

June 1, 2022Medora Lee, USA TODAYComments Off on Inflation’s wrath has Americans racking up high debt. What at-risk households need to know

Consumers struggling to keep pace with inflation are leaning on credit cards and loans to stay afloat. But at what price down the line?

News

US gas prices continue to rise to record highs. Expect a ‘cruel summer’ ahead

June 1, 2022Medora Lee, USA TODAYComments Off on US gas prices continue to rise to record highs. Expect a ‘cruel summer’ ahead

More record pain at the pump is expected. EU’s plan to ban Russian oil means less oil and gas supply, while China’s demand will rise out of lockdown.

Travel

Inflation, and oil, and flights, oh my! Here’s why airlines can pass on some additional costs to travelers

May 27, 2022May 31, 2022Medora Lee, USA TODAYComments Off on Inflation, and oil, and flights, oh my! Here’s why airlines can pass on some additional costs to travelers

Consumers, keen to make up for lost time during COVID, are ignoring soaring inflation, high oil prices, and pricier airfares to travel this summer.

Money

How people plan to deal with inflation, the unwanted guest, at the Memorial Day BBQ

May 26, 2022May 26, 2022Medora Lee, USA TODAYComments Off on How people plan to deal with inflation, the unwanted guest, at the Memorial Day BBQ

Inflation’s outsized presence at this year’s Memorial Day BBQ makes consumers cut back, use more coupons, shop sales or skip celebrating altogether.

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