With GDP increasing 2.8% annually, this signals a strong economy. (iStock ) As a welcome surprise, the gross domestic product (GDP) increased 2.8% annually in the second quarter, an advance estimate released by the U.S. Bureau of Economic Analysis found. Generally, a GDP between 2% and 3% signifies a strong U.S. economy, so this is good … Read more
Check out what’s clicking on FoxBusiness.com An inflation measure closely watched by the Federal Reserve eased slightly in June, even as high prices continued to weigh on millions of Americans. The personal consumption expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month, according to the Labor Department. On an annual basis, … Read more
In the last 20 years, student loan debt levels have risen by 430%. (iStock ) National debts have increased by a substantial amount in the last 20 years, but none by as much as student loans. Since 2003, student loan debt has increased by 430%, according to a study by the Kaplan Group. Although student loan … Read more
New Century Advisors chief economist Claudia Sahm and Piper Sandler chief investment strategist Michael Kantrowitz discuss whether the economy is on the cusp of recession on ‘Making Money.’ The U.S. economy grew at a faster pace than expected at the beginning of 2024 as consumers continued to open their wallets despite ongoing inflation and high … Read more
Rejoining the workforce after retirement is not always driven by finances, a recent study said. (iStock) Inflation is moderating, but an increasing number of Americans that are nearing retirement or have already retired are considering delaying their plans or returning to the workforce because of rising prices, a recent survey said. More than two out … Read more