Opinion: The Federal Reserve can’t even get the direction of the economy right

Opinion: The Federal Reserve can’t even get the direction of the economy right

A year ago, the Federal Reserve turned a blind eye to the gathering storm of inflation. Now the Fed is missing another big problem: A rapidly slowing economy. In an effort to appear strong on inflation, the central bank can’t recognize that the economy is already downshifting to a slower growth rate. If it doesn’t … Read more

Top Indicators of Financial Independence for Women, Survey Says

Top Indicators of Financial Independence for Women, Survey Says

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. While the idea of ​​financial freedom can mean different things to different people, a recent report … Read more

What to Look for in Both

What to Look for in Both

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The terms “financial advisor” and “financial planner” are often used interchangeably in the personal finance world. … Read more

California plans ‘inflation relief’ checks. Will other states follow?

California plans ‘inflation relief’ checks.  Will other states follow?

Who may qualify for ‘inflation relief’ checks Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint files with at least one dependent stand to receive the highest possible sum of $1,050. … Read more

The Average Amount Of Debt High-Credit Score Borrowers Consolidate

The Average Amount Of Debt High-Credit Score Borrowers Consolidate

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Personal loans provide a flexible way for people to borrow money to pay for a variety … Read more

The Stock Market Rally Is Real. It’s Still a Bear Market.

The Stock Market Rally Is Real.  It’s Still a Bear Market.

Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch/Getty Images) Even bear markets get bounces. The stock market had a terrific week, and for the first time in a long time, the rally feels like it can last. The Dow Jones Industrial Average rose 5.4%, the S&P 500 gained 6.4%, and the Nasdaq Composite climbed … Read more

The US Economy Is Confusing Everybody

The US Economy Is Confusing Everybody

Sign up for Derek’s newsletter here. As somebody who’s paid to tell stories about the economy, I always find it satisfying to assemble data points to produce a compelling pointillist picture about the state of the world. But these are rough times for economic pointillism. The data are all over the place, and the big … Read more

What a federal gas tax holiday could mean for prices at the pump

What a federal gas tax holiday could mean for prices at the pump

Fuel prices at a Chevron gas station in San Francisco June 9, 2022. Bloomberg | Bloomberg | Getty Images For months, drivers across the US face have faced eye-popping prices when they fill up their gas tanks. Now, President Joe Biden is weighing a new remedy — a federal gas tax holiday. A gallon of … Read more

Financial Stress And Purchase Happiness: How To Fix It

Financial Stress And Purchase Happiness: How To Fix It

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. With interest rates continuing to rise, inflation at a 40-year high and student debt exploding, there’s … Read more