By Erica Sandberg From Bankrate.com Financial matters can be complicated to manage when you’re a couple. If you don’t come together to make decisions about how to handle your combined affairs, conflict can arise. With inflation and interest rates increasing, it’s even more important to make swift and positive choices. And if you’re like many consumers…
Impact of Higher Rates on Couples With Merged Finances
September 10, 2022
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ECB Raises Interest Rates Again as Eurozone Inflation Soars
September 9, 2022
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The European Central Bank (ECB) hiked interest rates again on Thursday by the largest increment since the bank’s founding, as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75 basis point increase in the zero percent deposit rate….
US Weekly Jobless Claims Fall to a Three-Month Low
September 9, 2022
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The amount of Americans filing for unemployment claims decreased, for the first time, last week, to a three-month low, according to the Labor Department on Sept. 8. The continued growth in the U.S. labor market is relief for some analysts after U.S. gross domestic product (GDP) contracted in the first half of 2022, after initial fears…
New Report Says That the Fed May Require 7.5 Percent Unemployment to Lower Inflation
September 9, 2022
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The U.S. unemployment rate may need to rise almost twice its current level in order to control high inflation, according to a team of researchers from the International Monetary Fund (IMF). The paper, co-authored by IMF economists Daniel Leigh and Prachi Mishra, said that the jobless rate would have to grow from 3.7 percent at…
Fed Chairman Powell Says Inflation Can Be Controlled Without ‘Very High Social Costs’
Federal Reserve Chairman Jerome Powell, said on Sept. 8, that the central bank remains “strongly committed” to fighting inflation, but he still believes it can be tamed without the “very high social costs” as in past attempts to control prices. Powell was interviewed in a 40-minute webcast by Cato Institute President Peter Goettler, as the…
Lael Brainard Warns Federal Reserve Could Go Too Far in Inflation-Busting Tightening
September 8, 2022
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In the Federal Reserve’s quest to fight inflation, the central bank could overtighten and create more risks for the U.S. economy, warned Vice Chair Lael Brainard. Speaking at the Clearing House and Bank Policy Institute 2022 Annual Conference in New York on Wednesday, Brainard explained that the institution is committed to reining in the 40-year…
Fed’s Brainard Warns That Inflation-Busting Tightening Could Go Too Far
September 8, 2022
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In the Federal Reserve’s quest to fight inflation, the central bank could overtighten and create more risks for the U.S. economy, Fed Vice Chair Lael Brainard has warned. Brainard said the institution is committed to reining in the near-40-year-high inflation that is hurting millions of low-income Americans, she said at the Clearing House and Bank Policy…
Fed Chair Powell Buries ‘Soft Landing’ Hopes
September 1, 2022
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Federal Reserve Chair Jerome Powell had a message for the U.S. economy and the financial markets: prepare for “some pain” ahead and higher inflation-busting interest rates are here to stay. Powell recently delivered his much-anticipated Jackson Hole Economic Symposium speech, and his hawkish remarks disappointed investors. When the Fed started its tightening cycle in March,…
Fed Determined to Crush Inflation Even If Recession Deepens and Unemployment Rises: Mester
Investors are worried that the Federal Reserve’s aggressive fight against inflation might sink markets deeper and tank the economy further. They also were given little reason to expect relief anytime soon, as Loretta Mester, president of the Federal Reserve Bank of Cleveland, said on Aug. 31 that the central bank is determined to keep hiking…
Is the Fed Panicking or Bluffing?
August 29, 2022
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Commentary The big takeaway from the Fed meeting in Jackson Hole, Wyoming—in person this time after two years of staying home and staying safe—was that the Fed is serious about stopping inflation. The message to the media was firm and unified. There will be no stopping this Fed until the target of 2 percent is…
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