America May Be Aging, but Millennials Are Taking Over
The median age in the U.S. continues to rise as the baby boom generation gets older. The Millennial generation is catching up in numbers, though, and the most common ages of Americans are now…
Economy
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July 4th Holiday Travel to Hit All-Time Record, as More Than 44 Million People Leave Home
According to AAA, travel over the July 4 holiday will hit an all-time record. The association said that 44.2 million Americans will travel more than 50 miles from their homes.
Global Economy Getting Stronger: Fitch Ratings
Analysts at Fitch Ratings have raised their estimate of global GDP growth for 2017 and 2018 before dipping slightly in 2019. Key risks include eurozone instability and potential U.S. protectionism.
Credit Card Defaults Hitting 4-Year Highs
One key barometer of the economy is how everyday people are managing their finances from month to month. Turns out the national bank card default rate was a 48-month high.
This Summer’s Best Road Trips and the Best Credit Cards to Help Pay for Them
Nearly 80% of Americans are planning a road trip this summer. Here are some tips on where to go and how to help pay for all the fun.
Why the Fed May Not Be Able to Shrink Its Balance Sheet
The Federal Reserve may not be able to shrink its balance sheet in the current environment as much as it wants to, if at all. Here’s why.
China’s Economy Will Catch US in 2034?
Some Chinese economists believe their country will catch the United States in total gross domestic product within 37 years.
7% of Americans Say Chocolate Milk Comes From Brown Cows, Same Number as Fake Moon Landing Believers
An recent survey found 7% of all American adults believe chocolate milk comes from brown cows, raising concerns that many Americans lack basic food knowledge.
The End of Quantitative Easing: Fed Rate Hike Trumped by Selling Down Massive Balance Sheet
Janet Yellen and the Federal Open Market Committee have confirmed what the market was bracing for (or hoping for) — a Fed Funds rate hike. What is also now on the table is that…
Inflation Reports Throw Curve Ball for Fed Rate Hike Ambitions
On a day when the Federal Reserve is expected to hike interest rates, investors, economists and business owners might wonder what lower inflation readings will do to the decision.
6 Most Important Things in Business Now
The IEA predicts when oil demand will pick up again, the Federal Reserve is expected to bump up interest rates and Boeing continues cost-cutting at its defense business.
Jobs Gap Closes, Though Recovery Remains Uneven, Says OECD
A new OECD report on the job market for its 35 member nations found that employment rates have finally returned to pre–financial crisis levels. The recovery, however, has been uneven.
Fed Rate Hike Dilemma: Negative Sovereign Yields Back on the Rise
With all eyes on the Federal Reserve's Federal Open Market Committee and an expected rate hike this week, it is easy to forget that there is a whole wide world out there with other…
Ahead of Expected Rate Hike, Consumer Inflation Expectations Head South
The New York Federal Reserve Bank has released its survey of consumer expectations. Inflation expectations have now declined moderately.
FOMC Watch: Why Fed’s Balance Sheet Language Will Trump Interest Rate Hikes
The view of 24/7 Wall St. is that investors and economic watchers need to pay more attention to FOMC commentary and implications of the Federal Reserve's balance sheet rather than the formal rate hike announcement.