Why did the unemployment rate and jobs rise in tandem?
A hiring sign is pictured at a McDonald’s restaurant in Garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Images This report is from today’s CNBC …
Federal Reserve System
Stock Markets: Fewer jobs, higher stocks
A “Now Hiring” sign at an Advance Auto Parts store in San Leandro, California, US, on Tuesday, Aug. 15, 2023. David Paul Morris | Bloomberg | Getty Images This report …
Crypto market bounces off recent sell-off, bitcoin rises to $26,500
A collection of bitcoin, litecoin and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies rose Wednesday as investors continued to grapple with the market’s summer doldrums and looked …
Here’s why Americans can’t stop living paycheck to paycheck
For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on …
Treasury yields are putting pressure on stocks
Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s …
Stocks are under pressure from Treasury yields
Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s …
Rather than a recession, we could be in a ‘richcession’ instead
A ‘richcession’ may be underway “In most recessions, unemployment rises more for lower-income groups,” said Tomas Philipson, a professor of public policy studies at the University of Chicago and former …
Struggles Faced by Americans with Car Loans
There are more than 275 million cars on the road in the U.S. But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 …
A Guide to Purchasing Treasury Bills with Yields Exceeding 5%
Morsa Images | E+ | Getty Images As interest rates reach a more than two-decade high, Treasury bill yields remain well above 5%, as of July 27, providing a competitive …
What’s Next: The Impact of Low Federal Interest Rates on the U.S. Economy
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …