As anticipated, the Fed raised interest rates for the third time in 2017. And while this move is set to send ripples across the economy, it’s those with credit card debt who will be hit the hardest.
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An increase in oil price is often viewed by many economists as a reliable indicator that a recession is coming. And right now, it’s looking like it could happen again.
Congress just announced three new strategies to deal with the ever-growing Social Security dilemma. However, their “solutions” could cause even more problems for taxpayers, retirees, and investors.
While markets tend to focus on shifts in rates and foreign exchange, one bank expects the main price driver for gold in 2018 to be a different, yet familiar tailwind. See what Citigroup says could raise the metal next year in this week’s News to Know.
Recent statistics show Turks are buying more gold than ever before, with September alone bringing in 16 billion dollars’ worth of gold. But the reason behind the gold-buying frenzy could be troubling.