Student loan repayments could slam big-name retailers this fall
Retailers like Target, Nordstrom and Under Armour could face a hit this fall when student loan payments resume, affecting millions of U.S. households.
Fed warns tighter credit conditions could slow US growth
The Federal Reserve warned in its semi-annual monetary report to Congress that tightening credit conditions could weigh on the U.S. economy this year.
Fed officials signal rates may need to go higher to fight inflation
Two Federal Reserve officials suggested Friday that interest rates may need to go higher amid signs of underlying inflationary pressures in the economy.
Big stock rally could be followed by 'big collapse': Bank of America
Bank of America analysts said the stock market has a lot in common with the run-up to recent collapses in 2000 and 2008 and faces further losses this year.
Average 401(k) account balances tumbled last year, Vanguard research shows
New Vanguard data released Thursday shows that 401(k) balances plummeted in 2022, primarily due to the "decrease in equity and bond markets" over the year.
Fed pauses interest rate hikes, but high mortgage rates could be here to stay
The Federal Reserve left interest rates unchanged for the first time in months, but mortgage rates are unlikely to fall despite the long-awaited pause.
Retail sales rise again in May as inflation shows signs of cooling
The Commerce Department reported Wednesday that retail sales climbed 0.3% in May, increasing more than expected as consumers continued to open their wallets.
Fed pauses rate hikes for first time in 15 months but hints at future increases
The Federal Reserve paused its 15-month interest rate hike campaign on Wednesday after government data pointed to a sharp slowdown in inflation last month.
Wholesale inflation cools in May to lowest level in two years
The Labor Department said Wednesday the producer price index slid 0.3% in May, evidence that price pressures in the economy are continuing to dissipate.