News & Events

America’s debt problem is storing up trouble for the rest of the world
London CNN  —  The high and rising level of US government debt risks driving up borrowing costs around the world and undermining global financial stability, the International Monetary Fund has...

Construction Jobs Changes Reflect Gradual Shift In Economic Activity
am EDT Economic activity – growth and job creation – has remained remarkably strong for several years now. That resilience in the face of substantial headwinds such as higher interest rates and...

Here’s what would happen to the US economy if there are no rate cuts this year
...briefly hit 5% after Powell’s Tuesday remarks. That’s fueling higher mortgage rates. Ultimately, higher-for-even-longer rates “will increase borrowing costs across the economy, which is likely...

Growing Deficit And The Future Of U.S. Fiscal Policy
...government," all the government agencies here in Washington, D.C. — FDIC, Food and Drug Administration, the Department of Justice, Department of Transportation — all that stuff is really a small...

Stocks wobble after Powell warns that rate cuts will likely come later than expected
...the US economy and the job market remain on strong footing, higher mortgage rates have all but stalled the housing market. But the latest retail sales report showed that consumers continued...

Fed Chair Powell hints at no interest rate cut in May, keeping rates higher for longer
...the US economy and the job market remain on strong footing, higher mortgage rates have all but stalled the housing market. But the latest retail sales report showed that consumers continued...

$75,000 Is Americans' New Financial Health Barometer, Study Finds
am EDT By Richard Eisenberg, Next Avenue Although the Conference Board Index says consumer confidence in the U.S. is markedly higher than it was in 2020, money struggles are serious for many...