Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. America’s debt crisis is not an immediate problem, but it could become one if nothing changes. That is a quote from Federal Reserve Chair Jerome Powell given in a recent interview with Harvard economics students (1). Powell said: “The debt situation … Read more
The Bureau of Labor Statistics reported Tuesday that the hiring rate fell to 3.1% in February, with just 4.8 million new hires, the lowest since April 2020. Job openings fell to 6.9 million, down 358,000 from January. The unemployment rate was lower at 1.9%, while the unemployment rate remained at 1.1%, and the number of … Read more
The SPDR S&P 500 ETF (SPY) is down 7% year-to-date through March 30, 2026, while the VIX rose to 30.61 as energy shocks driven by WTI crude oil above $100 a barrel threaten to reverse inflation. Core PCE inflation reached 128.394 in January 2026, its highest figure in 12 months, while the yield of the … Read more
The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more
Gold (GC=F) June futures opened at $4,538.90 a troy ounce on Tuesday, down 0.4% from Monday’s closing price of $4,557.50. The price of gold rose in early trading. The price of gold continues to respond to headlines about the Iran war. The yellow metal showed some strength on Tuesday after President Trump was reportedly ready … Read more
The chairman of the Federal Reserve Jerome Powell gave a strong assessment of the health of the American finances on Monday, telling a Harvard economics group that while the national debt of $ 39 trillion is not immediately dangerous, the way the country is in requires urgent attention from the lawmakers. Powell said during a … Read more
The chairman of the Federal Reserve Jerome Powell gave a strong assessment of the health of the American finances on Monday, telling a Harvard economics group that while the national debt of $ 39 trillion is not immediately dangerous, the way the country is in requires urgent attention from the lawmakers. Powell said during a … Read more
The chairman of the Federal Reserve, Jerome Powell, said on Monday that he sees no risk of contagion in the private credit markets at this time that could spread to the broader financial system, although the central bank is watching the situation carefully. “We’re looking for connections to the banking system, and things that might … Read more
Federal Reserve Chairman Jerome Powell has a message for young Americans looking for work in a tough job market: Don’t be discouraged, even though job creation remains weak and the threat of artificial intelligence remains. The chairman of the Fed, who gave comments on Monday to an undergraduate economics class at Harvard University, talked a … Read more
The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more