Greatest increase in two decades hits record. A new report from the Federal Reserve reveals that U.S. household debt has risen to a record $16.9 trillion in the…
Read MoreInterest Rates
Fed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
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Labor Department Reports Higher Job Gains than Expected
The leisure and hospitality industries experience the greatest gains in January. The latest Labor Department jobs report shows the U.S. added 517,000 jobs in January, outstripping the forecast…
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Over 100K Jobs Cut in January
The report says, the worst January since 2009. Tech companies led the nation in job reductions in January, with around 40 percent of over 103,000 jobs that were…
Read MoreJob Creation Higher than Expected in December
The president applauds the report. The Department of Labor announced that 223,000 jobs were added to the U.S. economy in December. Officials report that the unemployment rate has…
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November Home Sales Lower Than Expected
It is the sixth straight month of decline. The National Association of Realtors (NAR) reported that pending home sales fell 4 percent in November from the prior month.…
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Wells Fargo to Pay for Legal Violations and Mismanagement
Government bureau finds the bank mistreated millions of customers. The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo Bank to pay restitution of over $2 billion to…
Read MoreFederal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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November Job Growth Higher Than Expected
Unemployment remains at 3.7 percent. The Bureau of Labor Statistics released figures on Friday that show the economy gaining 263,000 jobs in November, which is higher than economists…
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