Inflation

62% of Americans are living paycheck to paycheck amid inflation

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While the cost of living remains high, 62% of Americans now say they are living paycheck to paycheck, according to a recent report. More and more people have found a side hustle to make ends meet, according to the report. It’s also a good time to make some key changes to your spending and saving … Read more

Less than 30% of adults are confident they can afford their expenses

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According to a new poll, less than 30% of Americans are confident they can meet their expenses as inflation continues to impact the economy. The results of a poll conducted by the Associated Press and the NORC Center for Public Affairs Research at the University of Chicago, and released on Friday, showed that only 29% … Read more

Market reaction to Fed rate hike ‘almost always red herring’

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CNBC’s Jim Cramer said Friday that this week was the latest example of the market going crazy after a Federal Reserve meeting. But based on past market reactions to previous central bank rate hikes, this week’s activity may prove insignificant in the long run. The initial reaction to Fed decisions is “almost always a false … Read more

Fed’s Powell vs Inflation vs Markets

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Fed Chairman Jerome Powell at yesterday’s press conference. Photo: Alex Wong/Getty Images On Wednesday afternoon, the Federal Reserve did more than raise interest rates for the ninth consecutive time in the face of a banking crisis. He also claimed that his plans for the year remain more or less intact and that nearly all of … Read more

Jerome Powell flipped the script

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Federal Reserve Board Chairman Jerome Powell holds a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on March 22, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open … Read more

Financial instability as the main market risk: Wells Fargo

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A major Wall Street firm ranks financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter-point interest rate hike, Michael Schumacher of Wells Fargo Securities suggested that policymakers are underestimating how rapidly tightening credit conditions could hurt the economy. “The Fed doesn’t really … Read more