WASHINGTON — Jerome H. Powell is likely to face more than the typical questions about the Federal Reserve’s latest interest rate decision on Wednesday. The central bank chair will almost […]
Credit and Debt
Trending topics and news from the Credit and Debt category
Back to news home48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
Sara Mauskopf’s day-to-day concerns — her customers, her employees, her own three children — don’t typically involve the Federal Deposit Insurance Corporation. She is the chief executive of Winnie, a […]
Banking Crisis Hangs Over Economy, Rekindling Recession Fear
The U.S. economic recovery has repeatedly defied predictions of an impending recession, withstanding supply-chain backlogs, labor shortages, global conflicts and the fastest increase in interest rates in decades.That resilience now […]
Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
WASHINGTON — If a number defined the 2010s, it was 2 percent. Inflation, annual economic growth, and interest rates at their highest all hovered around that level — so persistently […]
Wall Street rises on relief over banks and inflation.
Wall Street’s worries eased on Tuesday, as investors took comfort from signs that a potential banking crisis appeared contained and bet on a more supportive environment for the economy going […]
Biden’s World Bank Pick Looks to Link Climate and Development Goals
The Biden administration’s nominee to be the next president of the World Bank, the international development and climate institution, is embarking on a monthlong sprint around the globe to solidify […]
Consumers Try to Change Their Spending Habits After the Pandemic
Early in the pandemic, Ms. Joss had begun ordering bottles from her neighborhood wine shop. When restaurants in the area began offering groceries, she bought them. She wanted to support […]
Why a Strong Economy Is Making Stock Investors Jittery
It’s dawning on stock investors that they were wrong about the Federal Reserve.After rallying behind a resilient economy, slowing inflation and the hope that the central bank would soon end […]
How Young Couples Talk About Money in Relationships
Opening a line of communicationTessa Miller Kiesz, 21, and her partner, Nicholas Brester, 22, had been living together for about two months when they decided to adopt a kitten named […]
After a Burst of New Businesses, a Cooling Economy Intrudes
An unexpected result of the pandemic era has been a surge in entrepreneurial activity. Since 2020, applications to start new businesses have skyrocketed, reversing a decades-long slump.The reasons for the […]