Americans are facing a triple threat to their finances, as U.S. stocks have dipped into a bear market. The Federal Reserve is expected to increase interest rates Wednesday, and, some economists say a recession is likely.
The White House says the pair will discuss the state of the U.S. and global economy along with inflation, described as Biden’s “top economic priority.”
Financial experts say people are adjusting their spending habits in response to inflation. As gas prices hover closer to $5 a gallon across the country, there is more proof a recession could soon be in our future.
Consumer News: U.S. mortgage rates rise once again, a look at the potetntial economic impact of a Russian invasion in Ukraine and more
Consumer News: U.S. mortgage rates rise once again, a look at the potetntial economic impact of a Russian invasion in Ukraine and more.
Economic issues are on the top of voters’ minds for the midterm election.
Despite concerns about the winter omicron surge, the U.S. economy kept creating jobs during January. Strong monthly numbers from the Labor Department surprised most economists, but the jobs market is just one facet of a complicated economic outlook for the Biden administration.
By Christopher Rugaber
In a surprising burst of hiring, America’s employers added 467,000 jobs in January in a sign of the economy’s resilience even in the face of a wave of omicron infections last month.
We turn now to the economy, and what direction economists predict America is heading towards. New numbers show how fast inflation is rising for just about everything we’re paying for every day.
Consumer News: The Home Depot reports jump in sales, baby formula becoming harder to find and more.
Halloween spending is expected to reach record breaking levels this year, according to the latest numbers from the National Retail Federation.