S&P 500 Slides as Inflation Worries Rise Again
The S&P 500 ended the week lower, erasing a short-lived rally.
Posted inBanking and Financial Institutions Citigroup Inc Company Reports Consumer Behavior Credit and Debt Dimon, James Fraser, Jane (1967- ) Gorman, James P JPMorgan Chase & Company Morgan Stanley Scharf, Charles W United States Economy Wells Fargo & Company
JPMorgan, Citigroup and Other Big Banks See Profits Drop
Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.
Posted inConsumer Behavior Federal Reserve System Inflation (Economics) Prices (Fares, Fees and Rates) United States Economy
Inflation Was Much Hotter Than Expected, Bad News For the Fed
Inflation rose quickly in September and a key measure accelerated to the fastest pace since 1982, underlining the persistence of price increases.
Posted inContent Type: Service Elderly Longevity Millennial Generation Payroll Tax Pensions and Retirement Plans Personal Finances Retirement Social Security (US) United States United States Economy United States Politics and Government Wages and Salaries
I’m Young. Should I Care About Social Security?
One reason: You pay for it. And, despite what many Americans believe, it’s “definitely a misconception” that it will run out before you retire, experts say.