Inflation

The Federal Reserve is on track to cut rates this year, Powell says

The Federal Reserve is on track to cut rates this year, Powell says

WASHINGTON (AP) — Chairman Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move expected to begin as early as May. Powell, in an interview taped Thursday for the CBS news program “60 Minutes,” also said the nation’s job …

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Small business optimism rises despite inflation: Goldman Sachs survey

Small business optimism rises despite inflation: Goldman Sachs survey

U.S. President Joe Biden speaks during an event in the Rose Garden at the White House to mark National Small Business Week on May 1, 2023, in Washington, DC. Alex Wong | Getty Images Small business owners are more optimistic to start the year even as they face persistent inflation and credit concerns, a new …

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Why Popular Tourist Destinations Like Aspen Will Get More Expensive in 2024

Why Popular Tourist Destinations Like Aspen Will Get More Expensive in 2024

Abhardphoto / Pixabay If you are planning your vacations for 2024, you may notice many popular tourist destinations with a higher cost. As we head into the new year, there are a few vacation destinations that were once budget-friendly, but will now require you to shell out a little more cash. Several factors, such as …

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7 investment principles of Peter Schiff, who advises investing in markets outside the US

Peter Schiff stands out as a notable figure in the investment field, known for his bold predictions and unreserved outlook on the economy. His acclaim grew after he successfully predicted the 2008 financial crisis, and since then he has emerged as a fierce critic of the Federal Reserve’s monetary policies, constantly warning of an impending …

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The S&P 500 is up over 23% year to date. What you need to know before investing

Thomas Barwick | Stone | Getty Images The S&P 500 Index is the winner in 2023 The index on Wednesday closed above 4,700 for the first time since January 2022. The index is up about 23% year to date. Its average annual return is over 10%. That performance may now have some investors questioning whether …

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The S&P 500 is up over 23% year to date. What you need to know before investing

Thomas Barwick | Stone | Getty Images That performance may now have some investors questioning whether they should allocate more of their money to a fund that tracks the index. Vanguard’s founder, John Bogle, argues that long-term wealth can be built by owning a low-cost fund that tracks the stock market, such as the S&P …

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America’s insurance crisis: How the average family’s home and car coverage soared to $3,700 a year after a series of painful premium hikes

Skyrocketing auto and home insurance costs are increasingly weighing on financially strapped Americans. In 2022, the average cost of both types of insurance saw its biggest jump in more than five years. And this year, rates are expected to rise by an even larger amount, according to an analysis by S&P Global Market Intelligence. In …

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The Fed’s favorite gauge rose 0.2%; 3.5% from a year ago

Inflation, as measured by personal spending, rose in line with expectations in October, likely giving the Federal Reserve more incentive to keep interest rates steady and perhaps begin tapering in 2024, according to data released Thursday. The personal consumer spending price index, excluding food and energy prices, rose 0.2 percent for the month and 3.5 …

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Biden criticizes corporations for high consumer spending

President Joe Biden has taken aim at corporations for setting prices he says are artificially high. “Any corporation that hasn’t cut their prices, even when inflation has gone down, even when supply chains have been restored, it’s time to stop raising prices,” Biden said. The White House is struggling to bridge the gap between data …

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