Tag: Inflation
Federal Reserve Officials Sound Warnings About Higher Rates
A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher...
Poll: Nearly 60% of Voters ‘Have Less Money in Their Pockets’...
Nearly 60 percent of registered U.S. voters say they have “less money in their pocket than they did a year ago,” according to a...
Wall Street Braces for Earnings to Get Hit by Inflation
Wall Street expects companies to face a reckoning with the realities of hot inflation, a slowing economy and rising interest rates in the latest...
IRS Ups Standard Deductions, Tax Brackets Due To Inflation
WASHINGTON (AP) — Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as...
Social Security Payments Set for Big Increase. What to Know
Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes.
On Thursday, the U.S. government is...
Fed to Signal More Rate Hikes Ahead
Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates...
Walmart Cuts Profit Outlook As Shoppers Adapt To Inflation
NEW YORK (AP) — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year, saying rising prices on...
Fed set to impose another big rate hike to fight inflation
The Fed’s moves will make borrowing costlier for individuals and companies and likely weaken the economy over time.
By Associated Press
Conflicting signs about the health...
Wall Street’s favorite recession indicator is flashing red
Yield curve inverts, reflecting 'fears of Fed policy error and an impending recession'.
A closely watched recession predictor in the bond market just flashed red,...
Fed To Fight Inflation With Fastest Rate Hikes In Decades
WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making...