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Author: Medora Lee, USA TODAY

Money

What is an inverted yield curve? U.S. has seen one before every recession since 1955.

July 8, 2022Medora Lee, USA TODAYComments Off on What is an inverted yield curve? U.S. has seen one before every recession since 1955.

Short-term debt yields rose above ones on longer-term notes before each recession since 1955. That’s why this week’s yield curve inversion’s worrying.

Money

Considering a crypto investment? Why current owners are ‘committed’ despite recent volatility

July 7, 2022July 7, 2022Medora Lee, USA TODAYComments Off on Considering a crypto investment? Why current owners are ‘committed’ despite recent volatility

Crypto users remain optimistic despite the recent price plunge, according to a Morning Consult survey. They still like the future of digital assets.

Money

Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.

July 5, 2022July 6, 2022Medora Lee, USA TODAYComments Off on Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.

Consumers should get used to paying higher prices. If inflation eases, that just means prices aren’t rising as fast but they’re still rising.

Money

Inflation hurts more if you’re Black or Hispanic, New York Fed study says

July 1, 2022Medora Lee, USA TODAYComments Off on Inflation hurts more if you’re Black or Hispanic, New York Fed study says

Soaring inflation is painful for everyone, but more so for Blacks and Hispanics, who tend to spend more in high inflation categories, a study says.

Money

Inflation means people are spending less, which may be putting a recession on fast track

June 30, 2022June 30, 2022Medora Lee, USA TODAYComments Off on Inflation means people are spending less, which may be putting a recession on fast track

Consumers cutting spending faster than expected due to inflation sends alarm bells about the economy. Some now see recession sooner rather than later.

Money

Employees, employers find their way after Roe v. Wade decision

June 27, 2022June 27, 2022Medora Lee, USA TODAYComments Off on Employees, employers find their way after Roe v. Wade decision

Employers and employees will have to see how policies shake out after the Supreme Court overturned Roe v. Wade. But this is what we know so far.

Money

A double whammy for consumers: Home and auto insurance rates are set to jump in tandem

June 24, 2022June 24, 2022Medora Lee, USA TODAYComments Off on A double whammy for consumers: Home and auto insurance rates are set to jump in tandem

Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto renewal insurance rates set to rise sharply.

Money

Is it too late to prevent a recession? Here’s what experts say

June 24, 2022June 24, 2022Medora Lee, USA TODAYComments Off on Is it too late to prevent a recession? Here’s what experts say

Recession odds are growing as investors fear the Fed’s interest rate hikes will be too fast and too big, bringing the economy to a screeching halt.

Money

Middle class, minus debt: Apprenticeships, certificates offer low-cost option to college

June 23, 2022June 23, 2022Medora Lee, USA TODAYComments Off on Middle class, minus debt: Apprenticeships, certificates offer low-cost option to college

As Biden mulls student debt, others discover alternative paths to the middle class without the debt. They’re using apprenticeships and certifications.

Money

Gas tax holiday relief will likely be mild, short. Americans should brace for higher prices

June 22, 2022June 24, 2022Medora Lee, USA TODAYComments Off on Gas tax holiday relief will likely be mild, short. Americans should brace for higher prices

Biden’s gas tax holiday plan would likely mean little relief for consumers. Americans should still brace themselves for higher prices, experts say.

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Dog repeatedly escapes Michigan shelter, sneaks into nursing home, is adopted by residents

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U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

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Kia recalls nearly 320,000 cars because the trunk may not open from the inside

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023Paul Davidson, USA TODAY
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