Nobody at the Federal Reserve has asked for my opinion, but here it is: Once again, it is time to pause on rate hikes.
Read MoreWhether or not you agree with the decision, the central bank continued to pursue one of the most aggressive rate hike campaigns since the early 1980’s.
Read MoreReports of the death of the U.S. labor market have been greatly exaggerated, and the resiliency of the labor market makes now an ideal time to dust off your personal lay-off protection plan.
Read MoreTwo recently released reports and two more events in the coming week are likely to paint a more nuanced picture of the U.S. economy.
Read MoreMeta, Getir, Twitter, Lyft, Carvana, Stripe, Opendoor, Netflix, Shopify, Snap, Peloton, Twilio, along with more than 700 other companies, have laid off almost 120,000 tech workers this year.
Read MoreWith 40 business days to go before we can close the chapter on the year, the themes remain the same: a resilient job market, stubbornly high inflation, and rising interest rates.
Read MoreThe Cost of Living Adjustment for the 70 million recipients of Social Security benefits will increase by 8.7 percent in 2023, the biggest jump in 40 years.
Read MoreAs job growth decelerates, it is not yet flashing red recession warnings, at least among hiring managers. That said, there are some yellow flashers that indicate an employment slowdown lies ahead.
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The virtuous economic cycle of the post-war decades helped create a large group of households that were able to attain the “American Dream” and became part of what we now think of as the middle class. Today, defining the middle is a bit of a muddled mess.
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