There are several measures of the money supply, the most looked at being M2 (cash + demand deposits + time deposits + retail money market funds). That official series goes back to 1959 although there are estimates going back even further. But just looking at this 64-year history, what we find is that the two…
WASHINGTON, DC – MAY 23: Speaker of the House Kevin McCarthy (R-CA) walks through National Statuary … [+] Hall as he returns to his office from the House Chamber at the U.S. Capitol on Tuesday, May 23, 2023 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty…
Debt ceiling negotiations are expected to continue today. (Photo by Chip Somodevilla/Getty Images) Getty Images Key Takeaways Debt Ceiling Negotiations Continue Tech Stocks Stay Strong Fed Members Speaking This Week As we head into the last full week of May, it’s become a tale of two markets. While the S&P 500 gained over 1.5% last…
From left, moderator and Federal Reserve Board Division of Monetary Affairs Director Trevor Reeve, … [+] Federal Reserve Chairman Jerome Powell, and former Federal Reserve Chairman Ben Bernanke, depart after speaking during the Thomas Laubach Research Conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, Friday, May 19, 2023. (AP Photo/Andrew…
Rates have risen…a lot. Should you hold cash or invest? Kristin McKenna, Darrow Wealth Management, YCharts Should you hold cash or invest in the market? Attractive yields on savings and cash-like investments can make it tempting to hold cash instead of investing extra money. On the heels of the worst year ever for bonds and…
Close up of a woman’s hand paying bill with credit card in a cafe, scanning on a card machine. … [+] Electronic payment. Banking and technology getty The Federal Reserve has been raising its short-term interest rate to reduce inflation. The idea is that higher rates will reduce demand for borrowing (i.e. credit), which will…
Do your own calculations before you buy a home based on what the bank says you can afford getty While a home is a significant asset, it can also be a significant liability if it stretches your budget too thin. It can hold you back from doing the things that will enrich your life, like…
SAN RAFAEL, CALIFORNIA – JUNE 08: Food inflation has come down from peak levels, but what will the … [+] next CPI release mean for interest rates? (Photo by Justin Sullivan/Getty Images) Getty Images U.S. inflation has moved down from the peak levels of last summer but remains relatively high, the Consumer Price Index for…
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, May 3, 2023. The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive…
The current state of the markets along with the Fed’s efforts to raise interest rates is reflective … [+] of the banking crisis that swept the nation 15 years ago. Getty Images Am I the only one having flashbacks to 2008? The current banking crisis is strikingly reminiscent of what we went through 15 years…