Federal Reserve Chair Jerome H. Powell was asked what was in store for the economy after yet another rate hike intended to tame inflation. “I don’ t think anyone knows whether we’ re going to have a recession or not and, if we do, whether it’ s going to be a deep one or not,” Powell said on Dec. 14, after the Federal Open Market Committee’ s final meeting for 2022.“ It’ s just not…

Michael Hicks, director of the Center for Business and Economic Research at Ball State University in Muncie, said in his forecast, the odds of a recession in the new year are substantial, at about 50/ 50. Additionally, Hicks said, even if there isn't a recession next year, it could feel like it, because of the Federal Reserve raising interest rates to combat inflation,…

We can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control. The second risk is that Congress will continue to spend and borrow money irresponsibly.

The SEC said Swensen told customers he invested in various securities and that Crew Capital "was one of the safest places to invest their money." Instead, according to the SEC, Swensen, "in a Ponzi-like fashion," made periodic payments of fictitious earnings to some investors "and used the bulk of the money for personal expenses, including the living expenses of his…

The Federal Reserve's greatest resource is its credibility. In fact, Congress might have to force change; a bipartisan bill- the Financial Regulators Transparency Act- would help make this critical institution more transparent and accountable. The Fed has not hiked rates this swiftly in a single year since the early 1980 s.

Year-end is traditionally a time for reflection and introspection. Carl Richards is a certified financial planner, founder of www.behaviorgap.com, columnist for The New York Times and author. In a recent column, Richards referenced a story from Jon Muth's book, Zen Shorts.

Since 2000, the U.S. dollar has lost an incredible 44.2% of its purchasing power. Reports from the government's Bureau of Labor Statistics, the official tracker of inflation statistics, indicate inflation may be worse than we think. Even as interest rates remain at their lowest, Federal Reserve policies may push inflation higher.

Many people will be glad to see 2022 come to an end. Inflation has exploded to a 40- year high. In response, the Federal Reserve Board has increased interest rates multiple times.

The figures were higher even in 2008, when some retirement funds had to sell at inopportune times to make payments; one economist told the Daily Caller News Foundation this could threaten Americans' pensions in the event of a financial crisis, which could force funds to sell off assets at low prices in order to continue payments, resulting in a massive loss in…

What tips do you recommend to Medicare beneficiaries dealing with hefty medical bills? My husband recently had open heart surgery and is recovering slowly, but the medical bills are coming in fast and furious and they're putting us in medical debt. According to U.S. Census data 19 percent of Americans households carry medical debt, including 10 percent of…

WASHINGTON- A section of the $1.7 trillion spending bill passed last week has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. "Some of these provisions are good and we want to help people who want to save- but this is a huge boon to the financial services industry," says Monique Morrissey an economist at the liberal…

The decline in financial markets this year has impacted the portfolios of millions of Americans, and perhaps dampened plans for retirement. Below is a brief recap of the optimism with which 2022 began, followed by current conditions and ideas to consider to navigate to and through retirement in turbulent times. Bitcoin had a market cap of around $1 trillion.

Consider what Twitter' s owner Elon Musk has been revealing about how the people who ran old Twitter did business. As the documents he's been uncovering have revealed, Twitter leaders lied repeatedly and shamelessly about how they systematically concealed politically inconvenient information, from leading epidemiologists' arguments against lockdowns…

A year ago, Wall Street consensus was for 2022 to be a pretty decent year of stock gains. Inflation fears, recession worries and a war in Europe have led to the worst year since 2008 when the Great Recession gripped the economy. According to FactSet's John Butters, 13%.

WASHINGTON- A section of the $1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. "Some of these provisions are good and we want to help people who want to save— but this is a huge boon to the financial services industry," says Monique Morrissey an economist at the liberal…