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Why are Americans spending so much?
Vox· 6 days agoStimulus checks gave Americans newfound savings and excess money to burn. Consumers were expected to retreat as inflation skyrocketed, hitting a 9.1 percent peak in June & ...
What Causes Inflation?
GoBankingRates via AOL· 1 day agoInflation has been one of the bugaboos of the post-pandemic era, increasing from 2.3% in December 2019, as measured by the Consumer Price Index, to 9.8%...
624,000 stimulus money cards haven't been activated
Newsweek· 4 days agoIn California, 624,000 residents have not taken advantage of the inflation relief payments given out to all but the state's wealthiest residents....
The Yield Curve Is Inverted—but There’s Still No Recession. What Gives?
Barrons.com· 3 hours agoThe Treasury yield curve inverted in 2022, yet the economy continues to grow. Quantitative easing...
Expect Higher-for-Longer Interest Rates, Fed’s Bostic Says
Barrons.com· 23 hours agoThe annual rate peaked at 8.9% in June 2022, the highest since 1981. “Given how high inflation was,...
As more Californians fall behind in making debt payments, one group stands out
LA Times via Yahoo Finance· 2 hours agoStubbornly high inflation and interest rates are taking an increasing toll in California. New data...
3 Retail Stocks to Add to Your Cart in May
InvestorPlace· 1 day agoThe U.S. retail sector, recognized as the world’s largest, has demonstrated remarkable resilience. This surge, fueled by $800 billion in stimulus checks and additional programs ...
Bitcoin price today: BTC is down 3.77%
USA Today· 7 hours agoBitcoin, or 1 BTC, traded at $67,304.78, as of 8 a.m. The original crypto is up 48.45% year to date.
Ethereum price today: ETH is trading at $3,917.83
USA Today· 7 hours agoThe highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024. The cryptocurrency was launched in 2015. Ethereum’s...
Some Americans live in a parallel economy where everything is terrible
Yahoo Finance via AOL· 1 day agoAll of that pushed energy prices higher, contributing to a big chunk of the soaring inflation in ...