Results for "federal reserve"32 results found.
Homeowners Looking for Roommates to Afford Mortgage Payments

by Nailah Herbert
The Tech Industry Begins Layoffs and Hiring Freezes

Although the majority of industries are aggressively hiring, there is one major sector that is going in the opposite direction of everyone else–the technology industry. The once-booming industry has begun laying off people or going through a hiring freeze.

by Sheena Allen
Federal Reserve Announced Interest Rate Hike

On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.

by Matin Varshochi
History of the Social Security Act

The Social Security Act, passed passed 86 years ago, is a key component of retirement income for nearly all individuals. Social security insurance also provides a safety net should a worker become disabled or a family lose their breadwinner.

by Pam Hill
Student Loan Repayment Paused Again Until Aug 2022

Biden Administration announced that federal student loan payments had been paused, again, until August 31, 2022. Although this is the sixth extension, it is essential to look at different ways to begin paying off student loans.

by Sheena Allen
4 Best Investments to Make During Inflation

Inflation has increased significantly since May 2021, due largely to supply chain disruptions from COVID19 and Russia’s invasion in Ukraine. The investments that perform well under inflation and retain all or most of their value can bring in more cash

by Pam Hill
February’s Jobs Report Showed an Increase in Number of Jobs

The rise in the number of jobs available caused the unemployment rate to drop to 3.8 percent, down from 6.2 percent in February 2021. As the unemployment rate continues to decline and more people can find jobs.

by Nailah Herbert
The Inflation Rate’s Rising: Here’s Why You Need to Invest

The COVID-19 pandemic caused the economic growth of the United States (U.S.) to come to a halt. As a result, many Americans relied on the COVID-19 relief packages the U.S. government provided.

by Matin Varshochi
President Biden Will Not Extend Student Loan Repayments

The Biden administration recently announced that it will not extend the federal student loan forbearance deadline, which is set to expire on January 31, 2022.

by Nailah Herbert
Biden Cancels $11.5 Billion in Student Debt

President Joe Biden recently announced that the government has canceled $11.5 billion in student loan debt. Currently, the outstanding student loan debt is $1.73 trillion, according to the Federal Reserve.

by Nailah Herbert
American Workers Are Quitting Their Jobs at Record Numbers

A record number of 4.3 million workers left their jobs in August. ‘The Great Resignation,’ as many call it, has continued through the last couple of months, empowering many to resign from their jobs in search of something better.

by Viviana Vazquez
Why Black Business Month is Great, but Support Year-Round is Better

August is National Black Business Month, and the celebration and notoriety of the month have increased over the past few years. However, despite the increased buzz, the COVID-19 pandemic has made living conditions increasingly difficult for everyone, especially those who own Black-businesses.

by Nailah Herbert
Millions Left With No Source of Income After Federal Unemployment Insurance Benefits Expire

The Biden Administration recently let the federal COVID assistance programs expire, leaving seven (7) million Americans without a source of income. Here’s what happened and how it has affected the people involved.

by Viviana Vazquez
The Effects of Underemployment and How to Break the Cycle

We often hear the word unemployed, which is when a capable person is actively seeking but does not have a job. However, we seemingly skip over the issues regarding underemployment, which is when a person is working but not to the full extent of their desires, abilities, or education.

by Sheena Allen
3 Financial Benefits to Being a Homeowner

For many, owning a home is the ultimate "American Dream." Homeownership allows you to have a property to call your own, leaving you with a sense of pride, confidence, and security.

by Viviana Vazquez

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