The yield curve suggests that the Fed will be backed into raising interest rates because of inflationary pressures.
Stock futures were mixed Tuesday morning, following declines for all three major U.S. indexes Monday as investors set their sights on a prolific week in Washington that includes the Fed's final policy-setting meeting of 2021.
Drivers in Virginia are surprised. You need to read this if you live in Virginia.
Pfizer said that its experimental pill appears to work against the omicron variant. The company said that the pill reduced hospitalizations and deaths among high-risk adults when taken shortly after initial COVID-19 symptoms. Many experts had predicted that the drug would retain its potency against the omicron variant. Pfizer tested the drug against a man-made version of a keyProtein that omicron uses to reproduce itself.
The Labor Department reported that consumer prices rose at the fastest rate in nearly four decades in November.
There are steps you can take with your finances to take the edge off of inflation, which is at its highest rate in nearly four decades.
Cash out mortgage rates from top lenders are the best today. You can view rates online. Over 20 million people helped.
Democrats think voters will like the legislation. Voters have other ideas.
The effectiveness of Pfizer's COVID-19 treatment pill for reducing hospitalization as well as its vaccine's ability to provide protection from the Omicron variant are reported in reports by Yahoo Finance.
Yahoo Finance's Brian Sozzi and Julie Hyman talk about what fund managers are expecting from the Fed meeting.
The man rang the bubble alarm. It might be time to listen to him.
In November, wholesale prices rose quickly and signaled that U.S. inflation is likely to remain high into the future.
Prices paid to U.S. producers rose a record 10% in November, a surge that will sustain inflationary pressures well into the future.
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If you owe less than $875,000 on your home and have no missed payments in 45 days, you need to read this.
The US stock market was off to a soft start Tuesday after a hotter-than- expected reading on wholesale inflation, as investors waited for the start of a two-day meeting of the Federal Reserve policy makers. The S&P 500 was down 22.88 points. The S&P 500 and the Nasdaq lost ground on Monday, as the blue chip index fell to its lowest closing value in more than a year. The US producer price index rose in November.
In the early days of the COVID-19 Pandemic, the receptionist at the dental office in Chicago was out of work for three months. She turns to the Lakeview Food Pantry in Chicago for free groceries when she is faced with mounting bills. More than 4 million Americans were classified as "underemployed" by the Bureau of Labor and Statistics in October, and they fell through the cracks. The U.S. economy came back from a downturn in 2020 and low and middle-income Americans were the hardest hit.
The Investor's Business Daily is published.
The index fell. After Musk spoke out, the price of the digital currency fell. AMC stock plummeted amid a meme stock sell-off.
You should do this if you own a home. Many homeowners are doing this and banks are not happy about it.
As stock market volatility increases, investors are loading up on cash. Bank of America's monthly fund manager survey has new data.
Yahoo Finance talked to Matt Kohrs, host of the Youtube show, about the rise of the retail trader and his growing following.
The expanded child tax credit is the most underpriced item in President Biden's plan, and it is the biggest inflation-driver, according to people familiar with the matter.
He didn't think cutting this log would change his life.
The Federal Reserve Chair has finally stopped using the word "transitory" to describe inflation. On Sunday, El-Erian went on the CBS program and stuck the dagger in. El-Erian allowed Powell and the Fed to catch up and regain control, as he recommended the Fed ease off the pace. The Fed is expected to increase the pace at which it decreases the purchases of bonds this week.
When Pakistan's annual inflation rate hit 11.5% in November, the statistics office put a number on a phenomenon that was already painfully clear to the poor and the middle-class voters who carried Prime Minister Imran Khan to power three years ago. The government is going to have to raise taxes and cut spending in order to get a $1 billion International Monetary Fund handout. "I didn't think it would become so difficult to survive," said Hasan, a construction supervisor from Pakistan's second-biggest city. Since May, when the rupee fell to a historic low, consumer price inflation has accelerated into double digits, with staple items doubling in price.
According to a new report from Oxford Economics, the nation's economic misery is at levels typically seen during recessions.
