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News
BOJ executive saw need for vigilance to 'non-linear' inflation spikes - AOL
4+ hour, 23+ min ago (372+ words) TOKYO, Sept 14 (Reuters) - Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday....
Ron Paul says 'people ought to own the gold, not the government' as he doubts the accounting at Fort Knox is 'trustworthy' - AOL
21+ hour, 34+ min ago (864+ words) Ron Paul is urging Americans to swap cash for gold coins. In a recent interview with Kitco News, the former U.S. representative had some choice words about Treasury Secretary Scott Bessent’s handling of the current bond crisis, which he sees as…...
Did your car insurance quote jump at checkout? What to know - AOL
1+ day, 5+ hour ago (643+ words) You compared quotes online, picked the best one, and started the purchase. Then the price came back higher than the quote. Sometimes a little, sometimes dramatically. You didn’t mistype anything, and you didn’t lie. So what happened? You’re not alone,…...
No relief from inflation as Middle East clashes lifts fuel prices to painful levels - AOL
3+ day, 1+ hour ago (973+ words) The consumer price index rose 3.4% last month compared with a year ago, the Labor Department said Friday, just like July. But inflation quickened month to month as costs jumped 0.4% from July, quadrupling the 0.1% registered in the previous month. Inflation remains…...
What Will Stocks Do If the Fed Raises Rates? - AOL
2+ day, 23+ hour ago (317+ words) The Federal Reserve is widely expected to raise interest rates next week for the first time since July 2023. Historically, stocks often decline in the months following a rate hike but tend to recover over time. Traders widely expect an interest-rate…...
Fed Chairman Kevin Warsh Called Inflation 'More Concerning' at His First Jackson Hole Speech. Does That Signal a Rate Hike Is Coming? - AOL
5+ day, 6+ hour ago (271+ words) One of Federal Reserve Chairman Kevin Warsh's big pushes is to reduce the amount of guidance the Fed provides. In a speech after a big Fed meeting, he couldn't avoid noting the obvious. The Federal Reserve sets interest rates to…...
Is $4 Gas About to Get More Expensive, Again? - AOL
5+ day, 8+ hour ago (231+ words) U.S.-Iran strikes sent Brent crude to $98 a barrel, threatening to push pump prices from $4 to $4.50 by October. Gas prices already surged $1.29 per gallon since January before the strikes, with WTI jumping 9% in a single week to $91. Upcoming CPI and PPI…...
Are You Bracing For a Wave of Unemployment? Why Economists Aren’t Sounding the Alarm - AOL
5+ day, 13+ hour ago (291+ words) Opinion polls show the public believes the job market will worsen in the coming year, with one measure of pessimism reaching its highest level since April 2020. Professional forecasters see the job market as stable, predicting the unemployment rate will only…...
Debt Management Plans: Who They Help, Who They Hurt and What They Cost - AOL
1+ week, 3+ day ago (753+ words) Americans owe a collective $18.8 trillion in household debt, including mortgages, auto loans and credit cards, according to the Federal Reserve Bank of New York. Debt is a burden millions face, and paying it off can feel overwhelming, especially when high…...
The history of financing America, in six crisis episodes - AOL
1+ week, 5+ day ago (776+ words) Sept 2 (Reuters) - Concerns over America's fiscal outlook are mounting. Long-dated Treasury yields are at their highest levels since 2007, while the national debt has surpassed $40 trillion. It is not the first time Washington has faced an imposing financing challenge. Treasury Secretary…...