According to a recent LendingClub report, as of August, 45% of Americans who make six figures are living paycheck to paycheck, up from 38% a year ago.
Wall Street selloffs intensified last week, driven by sticky inflation numbers and hawkish Fed talks, which turned traders and investors away from stocks.
U.S. stocks closed lower Friday, marking the last day of a gloomy quarter that experienced few rallies.
Global stock markets have tumbled, and major currencies have lost ground against the dollar.
The Federal Reserve has faced criticism for a strategic mistake: it failed to raise interest rates as inflation reached a 40-year high.
Crypto offers investors singular opportunities, given the state of the economy right now.
With sharp increases in the price of homes, fuel and food, certain markets in the United States have been hit the hardest when it comes to inflation.
The thing about gas prices is that any change has a knock-on effect on the prices of other commodities.
An unexpected rise in August inflation pushed bond yields and the dollar higher on Tuesday, turning off risk on Wall Street and ending the bear market rally seen in the last four trading sessions.
Tuesday's CPI data revealed a slight increase in inflation for August despite hopes of a drop.
One of the catalysts behind the turnaround in U.S. equities was a larger-than-expected hike of Eurozone rates by the ECB.
As prices continue to rise, inflation has scared consumers into starting their holiday shopping earlier than usual.
U.S. stocks opened higher Friday, adding to the gains made over the last two days. The markets are seeking to snap a three week losing streak.
In essence, Fed chair Jerome Powell reaffirmed an early position that the spike in commodity prices was caused in the first place by a shift in the demand from services to goods during the pandemic.
On Thursday, the eurozone's central bank hiked rates by 0.75 basis points, on the upper end of market expectations.
Food and energy inflation may have stopped consumers from buying many discretionary items, but not Lululemon's merchandise.
Sam's Club last hiked the price of its entry-level membership nine years ago, while its Plus membership hasn't seen a price increase since 1999 when it was launched.
A positive employment trend is good news for American households, but it could be bad news for them, too.
Investors should put less weight on food and energy cost and more on Unit Labor Costs.
U.S. consumer spending barely rose in July as a drop in gasoline prices weighed on receipts at service stations, but monthly inflation slowed down considerably, which could give the Federal Reserve room to scale back its aggressive interest rate hikes.
Federal Reserve Chair Jerome Powell will speak at the Jackson Hole Economic Symposium, as traders and investors get another chance to figure out if the central bank is hawkish or dovish in fighting inflation.
Soaring inflation in recent months has made Walmart become a shopping destination for all income demographics.