Bank of America warns investors may be unprepared for a stock-market correction

by Richard Garrett | Mar 3, 2026 | Economy

Bank of America is cautioning that many investors could be vulnerable to a potential stock-market correction after years of strong gains driven by artificial intelligence optimism and elevated risk appetite. In a recent market outlook, strategists warned that equity...

Fed’s Goolsbee Signals Several Rate Cuts Possible if Inflation Returns to 2%

by Richard Garrett | Mar 3, 2026 | Economy

Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers could approve several additional interest rate cuts this year if inflation resumes a steady decline toward the central bank’s 2% target, highlighting how closely future policy decisions remain...

National Debt Tracker: U.S. Borrowing Nears $39 Trillion as Fiscal Pressures Mount

by Richard Garrett | Mar 3, 2026 | Economy

The U.S. national debt continues to climb at a rapid pace, raising new concerns among economists and policymakers about long-term fiscal sustainability and the potential impact on future generations.  According to the latest data from the Treasury Department, total...

Fed Plans to Ease Bank Capital Rules to Encourage Mortgage Lending

by Richard Garrett | Mar 3, 2026 | Economy

The Federal Reserve is preparing to loosen certain bank capital requirements in an effort to encourage more mortgage lending, signaling a potential shift in regulatory policy aimed at increasing credit availability for U.S. homebuyers. Federal Reserve Vice Chair for...

Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation

by Richard Garrett | Mar 3, 2026 | Economy

Federal Reserve policymakers remain increasingly divided over the future path of interest rates, with some officials signaling that further rate hikes could return to the table if inflation fails to cool as expected.  Newly released minutes from the Federal Open...

Inflation Holds at 2.4% as Sticky Prices Complicate the Fed’s Next Move

by Richard Garrett | Mar 3, 2026 | Economy

U.S. inflation showed modest cooling in the latest Consumer Price Index report, rising 2.4% compared with a year earlier and 0.2% month over month.  While the headline number suggests progress toward the Federal Reserve’s long-term 2% target, economists say the...