When an emergency strikes, many Americans plan to raid their retirement savings. “Savings rates go down and hardship withdrawals and loans go up,” Tom Armstrong, vice president of customer analytics and insight and head of
Warnings Come from The International Monetary Fund
On April 12, 2023, the IMF issued a warning, urging member countries to continue tightening monetary policy in order to combat stubbornly high inflation, saying that hidden financial system vulnerabilities could explode into a new
CBO estimates: US Budget Deficit hits $1.1 trillion over 6 months
The Congressional Budget Office (CBO) estimated in a report released on Monday that the federal budget deficit surpassed $1.1 trillion in the first half of fiscal 2023. According to the agency, the estimate is $430
The Stock Market’s Downside Risk is the Highest it has been in a Year.
Mike Wilson, Morgan Stanley’s chief stock strategist, says the market faces earnings pressure and investors should not be misled by tech rally. According to Wilson, the downside risk to the stock market is at its