Data from outplacement firm Challenger, Gray & Christmas shows job cuts nearly doubled in 2023 compared with 2022, hitting the highest total since 2009 when excluding pandemic-related layoffs. Job growth, meanwhile, is primarily driven by hiring in health care, social assistance and government, ...
USPS IG: Most Goals Met During 2023 Peak Mailing Season Published: September 9, 2024 The Postal Service met most of its performance goals during the 2023 peak mailing season—October through December—in which it exceeded …More USPS Says Is Prepared to Handle Election Mail Published: September ...
1 min readPublishedMay 05, 2023 Written by Edited by The Bankrate promise More info At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity, this post may contain references to products from our partners. Here's an explanation forhow we...
The same interest rate risk can also apply to banks that hold bonds as part of their portfolios. On March 8, 2023, Silicon Valley Bank, headquartered in Santa Clara, California, announced that it sold a large portion of its bonds at a loss of $1.8 billion. Reportedly, the bank’s annou...
"In today's interest rate environment, high-yield savings accounts make a lot of sense for someone who otherwise has idle cash in a low/no-interest account," says Jim Eutsler, CFP, ChFC, CMA, Wealth Advisor at Hengehold Capital Management, LLC. "Many high-yield savings accounts pay… sig...
Back in March 2022, the Federal Open Markets Committee (FOMC) began to increase thefederal funds ratein response to growing inflation. It hiked rates 11 times before finally pausing. The rates, set at 5.25% to 5.50%, haven’t budged since July 2023. ...
GerronBuzanDoThaWomwok ·25/02/2023 15:57 I took time out from my career (I actually never went back!!!) as a carer for 4 years and although the low pay was dire, the variety, not having to take work home and being out and about walking to/from visits was good. As was the ba...
2:54 a.m. 14:55:53, June 15, 2023 Traders increase their bets on a July rate hike Market expectations for an interest rate hike in July rose on Wednesday, after the Federal Reserve signaled that more rate increases are coming. While Fed officials voted unanimously to hold rates steady...
4:32:30, June 22, 2023 Stocks slip ahead of Fed Powell's second day of testimony Traders work on the floor at the New York Stock Exchange on June 14. Seth Wenig/AP Stocks fell Thursday, on pace for a fourth day of losses ahead of Federal Reserve Chair Jerome Powell’s second ...
As inflation remained high, the Fed continued to increase interest rates throughout 2022 and 2023. As of Dec. 2023, inflation has come down significantly, sitting at 3.4%.12 Source: Federal Reserve Bank of St. Louis.7 As the fed funds rate increases, overall rates in the economy rise. If...