As the Fed cranks up interest rates, critics ring warning bells

Some economists and policy advisers fear that the Federal Reserve's rapid hikes could tip the global economy into a painful recession.
Federal Reserve Chair Jerome Powell speaks on Sept. 21, after the central bank decided to raise rates by 75 basis points for the third consecutive time.
Drew Angerer/Getty Images

The Federal Reserve’s 12 districts reflect an economy that no longer exists

Sep 21, 2022
The locations of the regional banks made sense for the economy of 1913. Populations and industries have shifted since then.
High-profile officials in the Federal Reserve System have offered differing attitudes toward future rate hikes following data that suggest a recent moderating of inflation.
Drew Angerer/Getty Images

Why high yields on Treasury notes should worry you

Sep 20, 2022
Higher yields on government bonds mean the interest rate you pay for pretty much everything also climbs.
LPETTET/Getty Images

Why has it taken so long for savings account interest rates to start rising?

Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images

The price of gasoline is down, but just about everything else is still getting more expensive

Sep 13, 2022
Fresh consumer price index data pretty much guarantees a big interest rate hike when the Federal Reserve meets next week.
The cost of gasoline fell by more than 10.5% in August, according to the Department of Labor's consumer price index. But just about everything else was more expensive.
Scott Olson/Getty Images

Business loans offer clues to where the economy is recovering

Sep 9, 2022
That's one takeaway from the latest Beige Book, a snapshot of the economy from the 12 Federal Reserve banks around the country.
Some regional Federal Reserve bank districts reported slowed lending in commercial real estate.
Spencer Platt/Getty Images

For public good, not for profit.

For TikTok maker Kyla Scanlon, it's about making finance fun (and a bit chaotic)

Sep 7, 2022
Influencer Kyla Scanlon talks about the art of making TikToks on macroeconomics and her battles with algorithms and attention spans.
Kyla Scanlon is the independent economics educator and TikToker behind the "vibecession" theory.
Jarrett Dang/Marketplace

Ahead of Fed's September meeting, some key data on unemployment and inflation

Aug 29, 2022
Fed Chair Jerome Powell has made it clear he will not waiver in the fight against inflation, even if it causes economic pain.
Karen Bleier/AFP via Getty Images

Play Fed bingo during the Jackson Hole Economic Symposium

Aug 25, 2022
There are some key words to watch for in Fed Chair Jerome Powell’s speech: "data," "inflation" and "unemployment" are among them.
Listen to Fed Chair Jerome Powell's speech at Jackson Hole on Friday and play along with our bingo board to see which key phrases he mentions.
Samuel Corum/Getty Images