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A trader watches as Federal Reserve Chair Jerome Powell speaks on a screen on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters St. Louis Federal Reserve President James Bullard suggested on Thursday that the central bank might have to raise short-term interest …

Violetastoimenova | E+ | Getty Images The Fed aims for a 2% annual rate of inflation While inflation is a normal part of an economy, the current rate is far above the Federal Reserve’s target of 2%. So far this year, the Fed’s rate-setting committee has boosted a key interest …

U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC. Alex Wong | Getty The Biden administration on Friday asked the Supreme Court to reinstate its federal student loan program after a federal appeals court issued a nationwide injunction against …

Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the …

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Securities regulators in the Bahamas conceded that they …

On average, Americans ages 21 to 42 with at least $3 million in investable assets hold only 25% of their assets in stocks or stock funds, according to a recent survey from Bank of America Private Bank. However, wealthy investors 43 and up hold an average of 55% of their …

Just as the holiday shopping season gets into full swing, families are finding less slack in their budgets than before. As of October, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report. A year ago, the number of adults who felt stretched too thin was …

Vladimir Vladimirov | E+ | Getty Images With the holiday season about to be in full swing, the giving spirit is likely to follow. If you’re among those who plan to make charitable donations before the end of the year, it’s worth making sure you know exactly where your money …

St. Louis Federal Reserve President James Bullard said Thursday the central bank still has a lot of work to do before it brings inflation under control. A voting member on the rate-setting Federal Open Market Committee, Bullard delivered remarks centered on a rules-based approach to policymaking. Using standards set by …

Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s Covid controls disrupted Alibaba‘s ability to deliver packages, the …