Commentary Most people under the age of 40 have no financial experience in a world of positive interest rates for most dates of maturity. Maybe that sounds geeky and like it doesn’t matter much. It’s actually a huge thing. The financial situation that emerged after 2008—the Fed chairman from back then got a Nobel Prize…
How the End of Negative Interest Rates Affects Your Life
December 29, 2022
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Business & MarketsBusiness ColumnistsFederal Reserveinflationnegative interest ratesOpinionrecessionU.S. economyViewpoints
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Elon Musk Says He Won’t Sell Tesla Stock for 2 Years, Predicts ‘Serious Recession’ in 2023
Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an…
[Premiering 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
[PREMIERING NOW] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
[Premiering 12/22, 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 21, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
Homebuilder Sentiment Drops for 12 Months in a Row to Lowest in Decade
December 21, 2022
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Business & MarketseconomyFederal Reservehomebuilder sentimentinflationmortgagereal estaterecessionUSUS NewsUS Real Estate
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Homebuilder sentiment has dropped every month in 2022, amid a volatile economy, reaching the lowest level since 2012 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) published on Dec. 19. The decline comes as inflation remains elevated and mortgage rates, driven by the Federal Reserve’s aggressive monetary tightening…
Recession Fears, Federal Reserve Dash ‘Santa Claus Rally’ Hopes as Market Plunges
The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Thursday, dashing hopes of a year-end Santa Claus rally. Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) plummeted as much as 919 points. The…
Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes
The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Thursday, dashing hopes of a year-end Santa Claus rally. Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) plummeted as much as 919 points. The…
Fed Announces Smaller Half-Point Hike to Fight Inflation and Latest Summary of Economic Projections
December 15, 2022
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Business & Marketseconomic policieseconomyFederal Reserveinflationinterest rate hikepersonal financePolicies & ImpactsrecessionUS
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The Federal Reserve announced a smaller 0.50 percentage point rate hike on Dec. 13, as expected, as it begins to dial back its efforts to fight inflation. The news came as Fed policymakers held their two-day Dec. 13–14 Fed policy meeting. The central bank had previously issued four straight months of 0.75 percentage point hikes,…
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