Economic News

Fed’s Powell Didn’t Give Investors Any Answers. Here’s What Will This Week.

Fed’s Powell Didn’t Give Investors Any Answers. Here’s What Will This Week.

Two huge market events happened to occur during one of the sleepiest weeks of the year. Nvidia’s eagerly awaited earnings and Federal Reserve Chairman Jerome Powell’s equally-as-anticipated Jackson Hole speech managed to wake Wall Street from its summer snooze, ultimately snapping the S&P 500’s three-week losing streak. But the latter, in particular, has largely left

Fed’s Powell Didn’t Give Investors Any Answers. Here’s What Will This Week. Read More »

The World Tied .5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up.

The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up.

Listen to article (2 minutes) Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise and fall alongside inflation. But what served as cheap funding when prices were stagnant has rapidly become more expensive.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up. Read More »

Treasury Lowers Rate on Series I Savings Bonds. There’s a Sweetener.

Treasury Lowers Rate on Series I Savings Bonds. There’s a Sweetener.

The new rate on the Treasury’s popular inflation-indexed savings bonds has been set at 4.3%, down from 6.89%, according to a notice Friday morning on the Treasury.gov website. The new rate, which applies to bonds issued from May 1 through Oct. 31, reflects a decline in inflation as measured by the consumer price index from

Treasury Lowers Rate on Series I Savings Bonds. There’s a Sweetener. Read More »

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