Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure
Author: Elisabeth Buchwald, USA TODAY
‘Policymakers should be prepared for the worst,’ JPMorgan CEO Jamie Dimon tells Congress
Ahead of the Fed’s 75-point rate hike, JPMorgan Chase CEO Jamie Dimon urged lawmakers to “be prepared for the worst.”
Falling gas prices are helping as Americans tackle higher cost of child care, utilities
Gas prices fell by 20% since their June peak. But Americans are getting hit with higher costs of utilities and child care, canceling out savings.
Average credit scores stopped jumping. Is that a sign of a recession?
During the pandemic, credit scores hit new highs. But now they’re leveling off as consumers are saddled with more debt and inflation is high
What does hawkish mean? Jerome Powell’s Jackson Hole speech signals this kind of Fed.
Jackson Hole symposium: Jerome Powell gave a hawkish speech that focused on lowering inflation. What does hawkish versus dovish mean?
Meme stocks are having another round of meme stock mania. What does that mean?
Meme stock frenzy: Shares of Bed Bath and Beyond, GameStop, AMC and APE are experiencing high volatility. Is meme stock mania back in full swing?
Jerome Powell is set to speak in Jackson Hole. Here’s what you need to know.
All eyes are on Fed Chair Jerome Powell’s Jackson Hole conference speech. It’s unlikely that he’ll hint at the size of the Fed’s next rate.
These everyday items saw the biggest price increases from inflation in July, CPI report shows
Inflation may have peaked, but consumers are still seeing much higher prices than last year. In July, some of the highest were eggs and coffee.
Are debt consolidation loans a good idea? More Americans are wondering as Fed raises rates
Can you consolidate credit card debt with bad credit? In some cases, yes but you may not get a good enough rate to make it worthwhile
Is this a bear market rally? S&P 500, Nasdaq, Dow had best month of the year
Is the bear market over? The S&P 500 gained 9% in July. Bank of America says it’s a bear market rally and danger lies ahead for stocks.