On Monday, Federal Reserve Vice Chair Lael Brainard explained how the central bank’s interest rate hikes will affect the U.S. economy. The Federal Reserve raised interest rates by three-quarters of a percentage point last month, the third consecutive increase of that size. “The moderation in demand due to monetary policy tightening is only partly realized
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On Monday, JPMorgan Chase CEO Jamie Dimon warned that “very, very serious” factors are going to push the United States into a recession within the next six to nine months. Dimon, the
The Republican-led state of Texas saw the fastest job growth in the country in August, continuing a monthslong pattern and breaking state employment records. “Texas set new employment highs in August, adding
Nearly three-fourths of American workers believe that the cost of living is outpacing their wages, according to Bank of America’s 12th annual Workplace Benefits Report. According to a news release announcing the results, “71%
On Wednesday, the Federal Reserve announced an interest rate hike of 0.75% to combat the inflation crisis, marking the third consecutive 0.75% increase. According to a recent report from the Bureau of Labor Statistics, prices
