Federal Reserve officials use government data to determine when to raise or lower interest rates. Congress and the White House use it to decide when unemployment benefits will be extended or stimulus payments will be paid out. Investors are making billions of dollars’ worth of bets tied to monthly reports on job growth, inflation and…
Long before people develop dementia, they often fall behind on mortgage payments, credit card bills and other financial obligations, new research shows. A team of economists and medical experts from the Federal Reserve Bank of New York and Georgetown University combined Medicare records with data from credit bureau Equifax to study how people’s credit behavior…
American households struggled to cover some everyday expenses, including rent, in 2023, and many remained gloomy about inflation even as price increases slowed. That’s one of several findings from a new Federal Reserve report on the financial well-being of American households. The report suggested that the financial circumstances of American households remained similar compared to…
A congressional investigation found that BMW, Jaguar Land Rover and Volkswagen purchased parts that came from a Chinese supplier that was prosecuted by the United States for participating in forced labor programs in Xinjiang, a region in China’s far west where the local population is subject to mass surveillance is suspended, arrests were reported. Both…
