Timothy Sumer

We're learning more this week about the strength of the economy and whether high inflation and rising interest rates are pushing it into a recession. The Federal Reserve is expected to raise interest rates by another quarter of a point and the next labor report will show whether job growth is still slowing. National Economic Council Director Brian Deese joined Amna Nawaz to discuss the latest. Stream your PBS favorites with the PBS app: Find more from PBS NewsHour at Subscribe to our YouTube channel: Follow us: TikTok: Twitter: Instagram: Facebook: Subscribe: PBS NewsHour podcasts: Newsletters: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Title: Introducing Biden's Top Economic Adviser: Insights on Inflation, Interest Rates, and Possible Recession Introduction As President Biden sets his economic agenda in motio

#housekeeping #inflationalert #financialwellness Welcome to 'Friday Housekeeping & Inflation Alert'! In this informative video series, we dive into the world of housekeeping and the ever-evolving landscape of inflation, equipping you with the knowledge and tools to stay informed and prepared. Join us as we explore our practical housekeeping tips, budgeting strategies, and effective money management techniques. We also keep a watchful eye on the economic front, shedding light on the impacts of inflation and its effects on your finances. Stay updated with the latest economic trends, consumer prices, and inflationary pressures. We delve into market analysis, economic forecasts, and monetary policy discussions, equipping you with the insights you need to make informed decisions. Discover investment strategies, understand the cost of living, and navigate the housing market amidst changing economic conditions. We'll discuss topics such as asset allocation, inter

The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession. “Something like $2 [trillion] to $2.5 trillion above what we would have otherwise expected were saved by American households,” said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions. Collectively, Americans have trillions in excess savings compared with expectations leading up to the pandemic, according to Federal Reserve economists. Watch the video above to learn about how the personal savings rate affects you and the wider economy. Chapters: 00:00 — Introduction 01:26 — Budgets 02:40 — The personal saving rate 05:33 — Recession? 07:48 — Ways of sav

For our MoneyWatch series "The Uncertain Economy," Javier David, managing director of business and markets at Axios, talks with CBS News' Anne-Marie Green about what different economic metrics mean for our current recession risk. #news #economy #recession CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ fre