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Stories Tagged as

Economy

Why are long-term bond yields so high? Even Jerome Powell wants to know

by Justin Ho
Nov 10, 2023
Federal Reserve chair Jerome Powell said that we “don’t really know” why long-term bond yields have been going up.
Hasn't Powell been listening to "Marketplace?"
Alex Wong/Getty Images
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The latest push for a national retirement savings system

by David Brancaccio , Chris Farrell and Alex Schroeder
Nov 8, 2023
A new bill follows up on recent bipartisan legislation to expand access to retirement savings.
A new bill in Congress, the Retirement Savings for Americans Act, would boost retirement security for low- and moderate-income workers.
Mark Makela/Getty Images
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National Debt

Why would China sell off its U.S. debt — if that's what it's doing

by Sabri Ben-Achour
Nov 7, 2023
There's a hot debate about what it's doing with its holdings, and the answer could affect how much it costs Americans to borrow money.
"We care about whether foreign governments or entities are buying U.S. Treasurys because it impacts the cost of borrowing in this country," said Jesse Wheeler of Morning Consult.
Mark Schiefelbein/POOL/AFP via Getty Images
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Do the latest job numbers point to a coming recession?

by Sabri Ben-Achour
Nov 6, 2023
The number of new jobs created each month has been trending down for the past year — but there is also a good amount of positive data in the latest report.
Overall, the number of new jobs created each month has been chaotic but generally trending down for 12 months.
Justin Sullivan/Getty Images
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As migration spikes, Germany attempts to crack down on illegal immigration

by Jessica Parker
Nov 6, 2023
The number of people entering Germany without permission hit a high in September. Now, the country is levying tougher legal sentences for trafficking.
Migrants wait a German police check point near the Polish border on Oct. 11.
Jens Schlueter/AFP via Getty Images
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Why are Americans' views on the economy so mixed?

by Kristin Schwab
Oct 30, 2023
In one poll, 44% of respondents say they’re stressed about the economy. Meanwhile, 34% say they’re optimistic.
Change is hard. And it’s not fun, even if your raise does cover how much extra you’re spending at the grocery store. 
Mario Tama/Getty Images
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Corporate debt is getting more expensive. That's not necessarily a problem.

by Justin Ho
Oct 27, 2023
Both government and corporate bond yields have been climbing. For many companies, though, higher revenue more than covers the cost.
A lot of companies sold bonds to investors a few years ago, when interest rates were low.
Spencer Platt/Getty Images
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National Debt

Federal Reserve losses contribute to federal deficit

by Sabri Ben-Achour
Oct 24, 2023
When the central bank makes money, it hands it to the Treasury. But now it's losing money as it pays interest to banks on their deposits.
The Fed is, among other things, a bank for banks, and it pays interest to those banks. Those interest rates have gone up. Above, the Eccles building, which houses Fed governors' offices.
Kevin Dietsch/Getty Images
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A Warmer World

More than 130 major companies press world leaders to phase out fossil fuels by 2035

by Nova Safo
Oct 24, 2023
Companies including Ikea, Nestle, Unilever and Volvo are saying that they're already grappling with the costs of the climate crisis.
Unilever is among the companies that signed on to a recent letter ahead of COP28 urging world leaders to cut fossil fuel use.
Christopher Furlong/Getty Images
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Why are bond yields so high right now?

by Sabri Ben-Achour
Oct 23, 2023
The yield on the 10-year Treasury briefly hit 5%, the highest level since 2007. A resilient economy and expanding debt are pushing rates up.
For a while, bond markets expected a weaker economy and possible rate cuts by the Federal Reserve in 2024.
Win McNamee/Getty Images
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