Economy News

Interest rates will not budge

Interest Rates Probably Not Budging in 2016

During Alan Greenspan’s nearly 20-year reign as Chairman of the Federal Reserve, commentators used to look at the heft of the briefcase he carried to meetings to guess whether interest rates were about to rise or fall: thin case, no change; fat case, brace yourselves. Greenspan left the Fed in 2006, not long before the […]

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graph showing upward economic trends

2014 Great Year For U.S. Economy, Can We Repeat In 2015?

By most accounts, the United States economy had a glowing year in 2014. Unemployment was down, spending was up, housing prices continued to bounce back and gas prices plunged to rates we never thought we’d see again. Then again, millions of Americans are still out of work, consumer debt reached a record high, Millennials still […]

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Woman looking at bills on the floor

Student Loans, Other Debts Are Stressing Americans More Than Ever

The American Psychological Association (APA) and the Federal Reserve Bank of New York aren’t working together on the mental and fiscal health of America — but they certainly could. The APA released its annual “Stress in America” survey on Feb. 11 and noted a slight increase in stress levels in 2013. The first uptick since […]

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Top Financial News Stories of the Year

Top 10 Debt-Related Stories of 2013

Some phase of the economy is the No. 1 news story almost every year, but 2013 offered an interesting twist: It was possible to argue that nearly every financial story had equal parts good and bad news attached to it. It all depends on how you view things. For example, the unemployment rate fell from […]

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People shopping on the holidays in a store

Holidays a Tough Time to Reduce Debt

The inevitable collision between year-end spending and budget restrictions is making this an uncomfortable holiday season for two vital groups in the American economy: Consumers and the federal government. American consumers, still wary of carrying debt — especially credit card debt — are spending at the lowest level in five years. Holiday sales were off […]

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Highest consumer confidence index rating since 2007

U.S. Consumer Confidence Highest Since July 2007

The bull run on Wall Street and a continued surge in home prices pushed consumer confidence to its highest level in almost six years. The Thomson Reuters/University of Michigan consumer confidence index jumped to 84.5, up more than eight points from April and the highest rating since July 2007. It is being fueled by the […]

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Economic indicators show the economy is improving

U.S. Economy Is Slowly Improving

The snapshot of the U.S. economy in the first week of May looks unusually promising. Almost every arrow economists want pointing up – home sales, auto sales, stock market – is up. Meanwhile, interest rates and unemployment figures continue to decline. Whether that picture is a true reflection of an economy on the mend is […]

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Economic indicators like housing and spending are confusing.

Despite Positive Economic Indicators, Consumer Confidence Continues to Decline

American consumers are a step slow in accepting the news that the U.S. economy really is on the mend. Consumer confidence and retail spending dipped in March, while the rest of the economy puttered along at a good-to-great pace. Housing starts in March were up 7 percent over February and leaped 46.7 percent over March […]

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Airline ratings are up, but so are complaints and fares.

Airline Ratings Are Up — So Are Complaints and Fares

The U.S. airline industry is coming off its second-best year ever in terms of customer service, but it comes with a price: Complaints were up, and so was the average fare for flying. The Airline Quality Rating gave high marks to the 14 largest U.S. airlines for on-time arrivals, consumer complaints, mishandled bags and passengers […]

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Sequestration has not slowed the economy. Obama prepares to submit budget to Congress.

As Budget Talks Continue, Sequestration Has Yet to Stall Economy

A month after sequestration kicked in, the alarms sounded by President Obama – “It will cost us jobs and slow down our economy,” he said Feb. 5 – have not gone off. The $85 billion budget cuts that Washington lawmakers forced on themselves have unfurled quietly, with little noticeable impact on the areas Obama was […]

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