Raising your credit score can help you save $92 per month: report

With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to... Read more »

Venezuela Inflation Cooled to Decade Low in January 2024 on Chevron Dollars

After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade. The monthly inflation print... Read more »

Biden calls shrinkflation a ‘rip off.’ How to spot downsized products

Anna Bizon | Gallo Images Roots Rf Collection | Getty Images President Joe Biden took to social media ahead of the Super Bowl on Sunday to take a jab at snack companies... Read more »

World Economy Latest: Slower US Inflation Is Set to Fuel Fed Cut Optimism

The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming... Read more »

Why one expert called earned wage access ‘payday lending on steroids’

Fotostorm | E+ | Getty Images Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price. So-called “earned wage access”... Read more »

Affluent millennials more likely to exaggerate finances to appear wealthy

Ascentxmedia | E+ | Getty Images High inflation has prompted even well-to-do Americans to rethink their spending habits. But one group — affluent millennials — are more likely to lie or exaggerate... Read more »

Many Americans cannot pay for an unexpected $1,000 expense. Here’s why

Brand X Pictures | Stockbyte | Getty Images When faced with an unexpected $1,000 expense, more than one-third of Americans would borrow the money, according to a new Bankrate survey. That may... Read more »

Why the Inflation Shock Matters for Mortgages

It’s all about expectations. Source link Read more »

Why 2024 will be ‘a very good year for savers,’ particularly with CDs

Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the... Read more »

Here’s where prices fell in December 2023, in one chart

Extreme-photographer | E+ | Getty Images As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices... Read more »

Will airfares come down this year? Yes, but just slightly say reports

The airline industry’s dramatic climb from the depths of the pandemic may be ending soon. A review of multiple reports shows stabilization across several key metrics, as rapid growth ends and a... Read more »

Easing US Core Inflation Seen Reinforcing Fed Optimism

Underlying US price pressures probably continued to recede as 2023 drew to a close, backing up optimism at the Federal Reserve about the path for inflation. Source link Read more »

Bond yields surging to highest level in decades: Jim Bianco

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest... Read more »

Red Sea crisis fuels shipping costs, delays, inflation

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in the Red... Read more »

4 factors affect how much Social Security retirees receive in 2024

Adamkaz | E+ | Getty Images If you’re a retiree who relies on Social Security benefits for income, you will see some changes in 2024. You will get a benefit boost to... Read more »

Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent... Read more »

Companies losing pricing power after years of unbridled spending

A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are... Read more »

The U.S. avoided a recession in 2023. What’s the outlook for 2024?

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a recession was... Read more »

Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested... Read more »