For many Americans overwhelmed by student loan debt, the first week of October was bad. On Monday of that week, a yearlong grace period ended for student loan borrowers struggling to make payments since the pandemic pause lifted a year ago. Two days later, a separate program, meant to help borrowers in default get back…
Federal Reserve Chair Jerome Powell on Monday said there’s “growing confidence” that inflation is moving toward the central bank’s 2% goal during a speech at the National Association for Business Economics conference in Nashville. Powell said that two further rate cuts are possible if the economy continues to perform as expected, though they are likely to…
On Wednesday, all signs point to the Fed ending the inflation fight it started 30 months ago. Back then, the unemployment rate was historically low, job growth was strong and companies had more openings to fill than people to fill them. Today, unemployment stands at its 10-year average, and there are fewer jobs to go…