Author: Medora Lee, USA TODAY

A week flooded with news on Fed’s rate hike, bear market, crypto crash, recession, and more. This is a breakdown of what happened and what it means.

U.S. stocks slid after a handful of banks around the world followed the Fed and raised rates to fight inflation. The rate hikes fed recession fears.

Fed rate hikes are expected to be bigger and come faster. This means costlier borrowing and likely, pressure on stocks. But savings rates will rise.

The Fed’s expected to raise rates faster and more aggressively to cut inflation. You should act fast to organize your debt and lock in mortgage rates.

Interest in Bitcoin, other crypto and digital assets like NFTs remains strong despite the market’s recent plunge, a Bank of America survey shows.

Stagflation and recession are buzz words, but what do those mean and what are the odds of each? What does that mean for me and how should I prepare?

Despite high inflation, plunging stocks, and talk of a recession, experts say there are still some stocks that can earn you a return.

High oil prices are usually blamed for record gas prices, but there’s also a refinery shortage. More oil’s meaningless if we can’t convert it to gas.

Consumers struggling to keep pace with inflation are leaning on credit cards and loans to stay afloat. But at what price down the line?