Just like spring and summer always lead to fall and winter, we know winter is coming and another recession is on the horizon, we just don’t know when. If you have a leak in your roof, when’s the best time to fix… Read More »Preparing for the Next Recession: Six Considerations for Retirees
The IRS, which spent the pandemic years mired in backlogs of mail, said this week that it has processed all paper and electronic individual returns received before January of this year. This means all returns received for tax year 2021… Read More »IRS backlog lessens; agency plans to resume collection notices
Job satisfaction hit a 36-year high in 2022, reflecting two effects of the tight pandemic labor market: The quality of jobs improved as wages and work flexibility increased, and workers moved into positions that were a better fit. Last year 62.3% of U.S.… Read More »Workers Are Happier Than They’ve Been in Decades
KEY POINTS Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that inflation is at least trending lower. The producer price index, a measure of prices for final demand goods and… Read More »Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
KEY POINTS A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that the cost of living will head lower later this year. The consumer price index, which measures the cost… Read More »Inflation rate eases to 4.9% in April, less than expectations
(Reuters) – U.S. companies are feeling the heat of decades-high interest rates and sticky inflation, with several filing for bankruptcy protection as the era of easy money draws to a close. The tally of U.S. companies that have gone bankrupt… Read More »Factbox: U.S. corporate bankruptcies at highest level since 2010
Corporate results this quarter have mostly outpaced expectations, but accusations of so-called ‘sandbagging’ remind one strategist of an early 2000s comedy. “It’s a little like in Meet the Parents” says JJ Kinahan, IG North America CEO, reminding us how Ben Stiller’s… Read More »Earnings season: Low expectations make it like getting ‘9th place ribbon’ says analyst
Federal Reserve Chair Jerome Powell reckons the US economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and even the weather. In Powell’s view, the gravity-defying strength of American labor markets — on display… Read More »Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff
The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing a… Read More »Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike
Federal Reserve officials are on track to increase interest rates again at their meeting this week while deliberating whether that will be enough to then pause the fastest rate-raising cycle in 40 years. “We are much closer to the end… Read More »Fed Set to Raise Interest Rates to 16-Year High and Debate a Pause