Opinion: The Federal Reserve is missing a decisive turning point in its fight against inflation because it believes in flawed data

Opinion: The Federal Reserve is missing a decisive turning point in its fight against inflation because it believes in flawed data

The Federal Reserve cannot see the likely economic crash coming because it is still looking in the rearview mirror where it sees nothing but high inflation. The danger arises because the Consumer Price Index and the Personal Consumption Price Index — the two main gauges of inflation — have a fatal flaw in the way … Read more

‘My friends and family say I’m rich.’ I am 26 and make $100,000 a year living in St. Louis, where I pay $850 in rent. But I can’t afford to buy a home, and lose money when I invest. Would it be smart to hire a financial advisor?

‘My friends and family say I’m rich.’  I am 26 and make $100,000 a year living in St.  Louis, where I pay $850 in rent.  But I can’t afford to buy a home, and lose money when I invest.  Would it be smart to hire a financial advisor?

Do you need a financial advisor if you feel overwhelmed with money? Getty Images/iStockphoto Questions: I am a 26 year old pharmacist making approximately $100,000 a year – take home pay is approximately $5600 a month – living in St. Louis. I contribute 4% to my employer’s 401l(k), which is the maximum match. I currently … Read more

Housing’s ‘Great Recession’ Is Here as Mortgages and Spending Fall, Says Bank of America, and These Cost-Effective Cooking Tips Won’t Leave You With an Empty Stomach — or Wallet

Housing’s ‘Great Recession’ Is Here as Mortgages and Spending Fall, Says Bank of America, and These Cost-Effective Cooking Tips Won’t Leave You With an Empty Stomach — or Wallet

Hello, MarketWatchers. Don’t miss these top stories. This startup, founded by former Airbnb employees, lets you try vacation homes before you buy them Try before you buy: second-home edition. Read more Housing ‘great slowdown’ is here as mortgage lending and spending fall, Bank of America says A new report from the Bank of America Institute … Read more