Schmid, one of three dissenters in Federal Reserve’s decision for quarter-point rate cut in December, said that with inflation above the Fed’s 2% target for more than four years policymakers don’t have room to be complacent. Source link
The blowback set off by the Justice Department’s criminal investigation into Jerome H. Powell, the chair of the central bank, has shaken up the race to replace him. Source link
Artistgndphotography | E+ | Getty Images The fourth-quarter estimated tax deadline for 2025 is Thursday — and you could face a penalty and interest for late or unpaid taxes if you miss the due date. Typically, you owe estimated payments for income without a tax withholding, such as earnings from self-employment, contract, freelance or gig economy…
U.S. PCE inflation data will be watched in the coming week, alongside U.S. gross domestic product numbers, as investors continue to gauge the likely timing of the next Federal Reserve interest-rate cut. Source link
Jerome H. Powell, the chair of the Federal Reserve, this week tapped a groundswell of support that has been years in the making. Source link
Sutthichai Supapornpasupad | Moment | Getty Images As consumers contend with higher auto payments, new data from car website Edmunds suggests they may be falling into a cycle of negative equity — where their outstanding auto loan balances are higher than the value of their cars. In the fourth quarter of 2025, 29.3% of trade-ins…
Speaking at an economics conference in suburban Boston, Bowman said that even after three quarter-point rate cuts in late 2025, the Fed’s interest-rate setting is still “moderately restrictive,” meaning that Fed policy is still leaning against inflation and economic growth. Source link
Michael Saylor’s financial alchemy thrust an ordinary software company, Strategy, into the center of the crypto frenzy. It all worked spectacularly, until now. Source link
Glorya Kaufman Hall at UCLA on Wednesday, Nov. 19, 2025 in Westwood, CA. Myung J. Chun | Los Angeles Times | Getty Images More than 800,000 federal student loan holders remain stuck in a backlog of applications for an affordable repayment plan or debt forgiveness, a new court filing shows. As of the end of…
The WSJ Dollar Index rose 0.2% — up 10 of the past 13 trading days. Source link