BEIJING—China’s economy stumbled in May with industrial output and retail sales growth missing forecasts. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come. “The…
China’s Economy Slows in May; Central Bank Cuts Interest Rate
June 16, 2023
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How One Bad Financial Mistake Cost Me 7 Years Retiring Early, Guaranteed You’re Making It Now
June 7, 2023
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According to the Employee Benefit Research Institute, only 33 percent of Americans feel confident about retiring comfortably. Many individuals and families struggle to secure their financial future, making it essential to be aware of the pitfalls and mistakes that can derail your retirement plans. My story began when I was 25, fresh out of college,…
How to Lower Your Personal Loan Payments
By Baruch Mann (Silvermann) Personal loans are a great way to access funds for various business purposes, but if the payments are too high, they can become a burden on your cash flow. With rates increasing, you may find that your personal loan repayments have become more expensive. Whether you have just one personal loan…
Bank Bonuses, Interest May Boost Tax Bill
With tax season in full swing, you may be consolidating the various charitable donation receipts, deductions, and W-2 forms that you’ll submit to the Internal Revenue Service (IRS). But if you received any bank sign-up bonuses or earned interest on your bank balance, you may owe additional taxes you might not have planned for. Interest…
Traders Keep to Bets Fed Will Raise Interest Rates by 25 Bps This Week
Traders of futures tied to the Federal Reserve’s policy rate have stuck to their bets of a quarter percentage point interest rate hike this week. It caps a tumultuous week in which money market pricing experienced wild swings, with predictions of a 50 basis point move jettisoned after the collapse of two large regional U.S….
Should You Be Worried About Your Money in the Bank? Experts Sound Off
Some financial experts weighed in on whether Americans should feel worried about the safety of their money amid several bank collapses in recent days as some consumers expressed concerns about their deposits, their bank, and the American banking system. While President Joe Biden said Monday that “Americans can have confidence that the banking system is…
Government Interest Payments Will Cost Taxpayers More Than $1,300 per Person in 2022–23: Study
Canadian taxpayers will contribute more than $1,300 per person toward government interest payments for federal and provincial debts in the next year, for a total of $68.6 billion, according to a new study. On Feb. 2, the Fraser Institute, a public policy think tank, calculated Canada’s combined federal and provincial interest costs per person for…
Fed Needs Mortgage-Backed Securities Exit Plan ‘Earlier Than Later,’ Kansas City Fed President Says
WASHINGTON—Kansas City Federal Reserve President Esther George has urged her colleagues to come to terms “earlier than later” on a plan for the U.S. central bank to exit the mortgage-backed securities (MBS) market and be more explicit on how bond purchases will figure into future monetary policy. “You can’t just wake up one day and…
China Consumer Inflation Accelerates in Dec; PPI Falls With Soft Demand
BEIJING—China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. Economists expect inflation to continue to pick up in the first quarter of 2023. The consumer price index (CPI) in December was 1.8 percent higher than a year earlier, rising faster than the…
China Consumer Inflation Accelerates in December; PPI Falls With Soft Demand
BEIJING—China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. Economists expect inflation to continue to pick up in the first quarter of 2023. The consumer price index (CPI) in December was 1.8 percent higher than a year earlier, rising faster than the…
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