Tag: Economic News

Fed's Brainard Says Rate-Rise Pace Can Slow Soon

Fed's Brainard Says Rate-Rise Pace Can Slow Soon

[ad_1] A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises. Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that […]

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As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

[ad_1] A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going beyond what the law allows. The Paycheck Protection Program and other federal aid programs long ago shut their doors. But small businesses […]

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Businesses Rush to Sidestep Rate Shock by Paying Down Debt

Businesses Rush to Sidestep Rate Shock by Paying Down Debt

[ad_1] Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession.  Finance chiefs across industries are feeling the pinch of higher borrowing costs as the Federal Reserve continues to hike interest rates to combat persistently high inflation. The U.S. central […]

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