Economy

Retirement Fund

How Social Security Benefits Are Incorrectly Explained and What to Do About It

Two recent reports have looked in depth at the workings of the Social Security Administration (SSA). Both have found -- unsurprisingly -- that SSA has some problems, and these problems ...
Read Full Story »
Help wanted sign

Charlotte Among 50 American Cities Adding the Most Jobs

Until the events surrounding the shooting death of Keith Lamont Scott earlier this week, Charlotte, North Carolina, had achieved a public image as an example of a New South city ...
Read Full Story »
Charlotte sunset

Charlotte Is Among the 25 Most American Cities

When a Charlotte, North Carolina, police officer shot and killed Keith Lamont Scott on Tuesday, it set off a wave of protests that soon led to violent confrontations between police ...
Read Full Story »
Chicago skyline

Chicago Fed Shows National Activity Is Slowing

The Federal Reserve Bank of Chicago releases its nationally focused Chicago Fed National Activity Index (CFNAI) each month, and the reading for August was negative, after having been positive in July. ...
Read Full Story »
Charlotte sunset

Charlotte by the Numbers: Demographic and Economic

Charlotte, North Carolina, where Keith Scott was fatally shot by a police officer, leading to violent protests, had a population of 762,199 according to the last Census. It has a high ...
Read Full Story »
Federal Reserve

FOMC Delivers No Rate Hike, Sees Rates and GDP Subdued for Years

Janet Yellen and the Federal Reserve's FOMC have voted to leave interest rates unchanged. That keeps federal funds at the target rate of 0.25% to 0.50%. What matters here is ...
Read Full Story »
globe

Evidence That Negative Yields Are Finally Shrinking Around the Globe, Sort Of

With news that the Bank of Japan will continue on its quantitative easing path, and with accommodative policies in Europe and the United States, there is still a massive amount ...
Read Full Story »
Japan map

Bank of Japan Jumps in Front of US Federal Reserve

Quantitative easing is here to stay. Sort of. The U.S. Federal Reserve's FOMC decision on interest rates is due at 2:00 p.m. Eastern Time on Wednesday, but the big quantitative ...
Read Full Story »
OECD

OECD Warns of Global Slowdown

The Organization for Economic Cooperation and Development (OECD) kept its less than mediocre forecast of global growth, and warned about the balance of this year. The global economy is projected to ...
Read Full Story »
percentage button

Why the Market Is Not Expecting That Elusive Fed Funds Rate Hike in September — Not at All

September's meeting of the Federal Reserve's Federal Open Market Committee (FOMC) is upon us. This is a key meeting because many of the regional Federal Reserve branch presidents and Fed ...
Read Full Story »
credit cards

How Much a Fed Rate Hike Will Boost Credit Card Debt

From The Fiscal Times The Federal Reserve this week could make it harder for more than nine million Americans to pay their credit card bills next month. Up to 92 ...
Read Full Story »
Smiling call center employees sitting in line, good customer service

Mixed Data in Regional Nonmanufacturing by Philadelphia Fed

The Federal Reserve Bank of Philadelphia is better known for its regional manufacturing report than its nonmanufacturing report. Still, last week's stellar manufacturing report for September is considered a live ...
Read Full Story »
vote

What Private Company Employment Can Say About Swing State Voting

Special to 24/7 Wall St. From PrivCo The three famous words from the 1992 Clinton campaign were in fact, “The economy, stupid” without the “It’s.” We simply added this over time. It ...
Read Full Story »
Gross domestic product

Fannie Mae Still Sees Accelerated GDP Growth in Second Half of 2016

Fannie Mae has released its Economic & Strategic Research Group's September 2016 Economic and Housing Outlook. For the full year, the group is calling for gross domestic product (GDP) to ...
Read Full Story »
maryland_quarter_2000

Maryland Is America’s Richest State

24/7 Wall St. has released its annual analysis of America's Richest (and Poorest) States. Maryland was at the top of the list. According to the report: The U.S. Census Bureau ...
Read Full Story »