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Bank of America warns investors may be unprepared for a stock-market correction
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%
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
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
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
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
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...
Illinois Regulators Shut Down Metropolitan Capital Bank & Trust After Capital Problems. What the First U.S. Bank Failure of the Year Means for Depositors
Regulators closed Chicago-based Metropolitan Capital Bank & Trust after determining the institution faced unsafe and unsound conditions tied to an impaired capital position, marking the first U.S. bank failure of the year. The Illinois Department of Financial and...
Jamie Dimon Says America’s $38 Trillion Debt Is ‘Not Sustainable.’ Why Some Analysts See Two Economic Fault Lines Forming
Jamie Dimon Says America’s $38 Trillion Debt Is ‘Not Sustainable.’ Why Some Analysts See Two Economic Fault Lines Forming Warnings about fiscal risk have grown louder as U.S. borrowing continues to accelerate. JPMorgan Chase CEO Jamie Dimon recently described the...
Is the U.S. Economy Moving Closer to a Breaking Point? Why Some Economists Say the Next Recession Could Be Harder to Fight
Economic slowdowns rarely arrive without warning. They tend to emerge through a series of data revisions, shifting labor trends, and subtle changes in consumer behavior that only look obvious in hindsight. Over the past several weeks, a cluster of economic indicators...
Could the Plumbing of Wall Street Become a Bigger Retirement Issue in the Next Crisis?
Recessions and market pullbacks are part of investing. But in periods of real financial stress, some of the biggest risks don’t start with stock prices, they start with the infrastructure that holds and moves securities behind the scenes. Over the last several...