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NEW YORK, April 21 (Reuters) - Vanguard, the world's second-largest asset manager, increased exposure to large bank's bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. "The banking troubles offered a brief window to add large banks at compelling valuations," said the report, written by Sara Devereux, global head of fixed income group, and her team. "We had little exposure to troubled banks and do not see evidence of a systemic risk to the financial system," it said. Core inflation, however, is likely to be sticky, according to Vanguard, limiting the Fed's ability to ease monetary policy in coming quarters. "Barring a major economic surprise, we think the Fed will hold policy rates high for longer than the market currently expects."

REUTERS/Brendan McDermidNEW YORK, April 20 (Reuters) - A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year. Here is a Q&A about the implications for markets:WHAT IS THE DEBT CEILING? The debt ceiling is the maximum amount the U.S. government can borrow to meet its financial obligations. Outstanding government debt, nominal gross domestic product and federal limit to borrowWHEN WILL THE U.S. HIT THE DEBT CEILING? Some Treasury bills (T-bills) are featuring a premium in their yields that may be tied to an elevated default risk, according to some analysts.

NEW YORK, April 18 (Reuters) - The U.S. government's deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday. Meanwhile, on Monday, U.S. House of Representatives Speaker Kevin McCarthy outlined spending cuts his fellow Republicans would demand in exchange for voting to raise the debt limit. "As the debt limit deadline comes into better focus with additional tax receipt data, we expect to see somewhat greater pricing of debt limit risks in financial markets," Goldman Sachs analysts said in a note. The yield on the 2-month U.S. Treasury bill jumped on Tuesday to its highest level since at least 2018, as unease about the U.S. debt ceiling and the likelihood of another interest rate hike took hold. The cost of insuring U.S. debt against default for one year stood at about 95 basis points as of Monday, according to Refinitiv data - well above 2011 levels, when a standoff over the debt ceiling triggered the first credit downgrade of the U.S. government.

[1/3] U.S. President Joe Biden attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022. But all that new construction has a real estate problem. That would be a problem for the Biden administration, which has pushed through legislation to fuel the developments. A White House official said it was a "high-class problem" to have, adding: "Folks are finding places to build. The governors of South Carolina, Virginia and North Carolina have each proposed to spend hundreds of millions of dollars on readying industrial sites in the coming years.

"Presumably, this will also see a cessation of Fed policy rate hikes after one more possible hike at the May meeting, although it’s also possible the Fed is done already," he added in an emailed statement to Reuters. For now, traders take a more dovish view and are betting policymakers will cut rates later in the year, taking the fed funds rate to 4.35% from its current 4.75% to 5% range. Investors will be closely watching an inflation report on Wednesday to gauge the near-term trajectory for interest rates. According to Rieder, inflation should ease going forward, in line the economic slowing seen last month. "Hopefully ... markets can look forward to a more relaxed Fed from here," he said.

That spread , which has been in negative territory since November, plunged to new lows this week, standing at nearly minus 170 basis points on Thursday. Fed Chair Jerome Powell said last year that the 18-month U.S. Treasury yield curve was the most reliable warning of an upcoming recession. "Powell's curve ... continues to plunge to fresh century lows," Citi rates strategists William O'Donnell and Edward Acton said in a note on Thursday. Refinitiv data showed the curve was the most inverted since at least 2007. But market participants believe tighter monetary policy is already starting to hurt growth and are betting on rate cuts later this year.

☆ Timiraos: The way the market reacted to Powell suggests the bar has been lowered for a 50-basis point hike this month
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTimiraos: The way the market reacted to Powell suggests the bar has been lowered for a 50-basis point hike this monthNick Timiraos, chief economics correspondent at the Wall Street Journal, says Fed chair Jerome Powell now sees what everyone else sees, that the market is pricing in a 50-basis point hike at the March meeting, so this will be his opportunity to reset expectations.

While the Biden administration push, described by economists as an industrial policy, has opened opportunities for some companies, significant hurdles remain. The 2022 CHIPS and Science Act provides $52.7 billion in federal subsidies for semiconductor production and research. Industrial policy still has critics. Scott Lincicome, director of general economics at the libertarian Cato Institute, said industrial policy tends to crumble into failed projects and cost overruns. "There's all sorts of more market-oriented reforms that could achieve the type of objectives our political class wants, without the unintended consequences of industrial policy," he said.

As excited as you may be to share the big news with everyone, it's the last thing you should do. "Once you're announced as the winner, the sharks will start circling," Kristen Euretig, a financial planner who founded Brooklyn Plans, previously told Insider. With only a few states allowing anonymity to lottery winners, it can be difficult to keep the news private. But you can do a few things to stay under the radar, like deleting your social media accounts, leaving town for a few days, and setting up an LLC or trust so people can't track you. You can also refrain from announcing the big win publicly on social media, in a TV appearance, or in person.

☆ Two-Minute Drill: FOMC meeting
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo-Minute Drill: FOMC meetingNick Timiraos, WSJ chief economics correspondent, joins 'Closing Bell: Overtime' to discuss what investors should expect at the FOMC meeting next week.

☆ The wealthy elite who gather in Davos to talk about saving the planet always ignore the best solution: paying more taxes
▼ + stars: | 2022-03-05 | by ( Paul Constant | ) www.businessinsider.com time to read: +5 min

He spoke with Peter Goodman about his new book and the World Economic Forum meeting in Davos. Goodman says Davos has become a feel-good event for billionaires who refuse to make real change. But Davos's most noteworthy topics are the ones that don't typically get discussed: For instance, historian Rutger Bregman made waves in 2019 when he told the affluent audience at Davos that they were ignoring the solution that mattered most: "Taxes, taxes, taxes. The solutions to the very real problems discussed at Davos every year are relatively simple, but they'll never be welcomed by the Davos audience. The only people who aren't ready to hear about that solution, unfortunately, are the people who gather at Davos every year.

Nearly half of indebted graduates think their college degree didn't earn them a higher salary, according to a survey from Insider and Morning Consult. The average student-loan debt is nearly $30,000 per borrower in the graduating class of 2018. Of these respondents, 17% have undergrad student-loan debt and 7.5% have graduate student-loan debt. For those with undergrad student-loan debt, this might be influenced by how stressed they are about their debt. That's still more than what the average millennial earns — $35,455, just slightly more than the average student-loan debt.

The survey found that 49% of millennials have had to delay medical or dental care as a result of their finances. That hasn't kept up with climbing health care costs. National health care costs per person have increased by $9,000 since 1970, according to the SuperMoney report. Being able to afford healthcare is more important than ever for millennials who need to find help for their mental health. Rising healthcare costs could be at play here.

☆ Millennials might lag behind their parents when it comes to money, but there's something they do better: talk about it
▼ + stars: | 2019-10-31 | by ( Hillary Hoffower | Economics Correspondent | Millennial Wealth | ) www.businessinsider.com time to read: +4 min

Millennials are more open to talking about money than their parents, according to a new survey by Insider and Morning Consult for "The State of Our Money." More than 80% of married millennial and baby boomer respondents said they share financial info with their spouse, but the similarities stop there. Millennials are much more open about money than their parents are. Thirty percent of millennials share financial info with their friends, compared to just 9% of boomers; 25% of millennials share financial info with their siblings, but 12% of boomers do the same; and 12% of millennials talk to their colleagues about money, whereas only 2% of boomers do. Copeland aims to make students more comfortable and knowledgeable when talking about money and encourages them to talk to mentors and parents about it.

Forty-five percent of millennials think they earn less than their peers, according to a new survey by Insider and Morning Consult. Only 34% of millennials think they earn more, and 21% said they didn't know. The picture is brighter debt-wise — 48% percent of millennials think they have less debt than their peers, while 35% think they have more. Millennials think they have less debt than their peersHowever, millennials are slightly more positive about their debt situation in comparison to their friends — 48% think they have less debt than their peers, while 35% think they have more. But of those who do have a mortgage, half owe more than $100,000, while the other half owe less.

Of those respondents, 28% said they've paid off debt with financial help from friends and family. They were more likely than other generations in general to say they've received help from family in paying off debt. As of 2019, student-loan debt is at an all-time high with a national total of $1.5 trillion. According to Student Loan Hero, the average student-loan debt per graduating student in 2018 who took out loans was a whopping $29,800. Paying off student-loan debt is the most significant life milestone millennials think they can achieve, according to a survey by personal finance company SoFi.

The survey asked all respondents how they think their finances compare to others their age — and 37% of millennials think they're doing worse than their peers. Of these respondents, 10% think they're much worse off, while 27% think they're somewhat worse off. More millennials are positive when it comes to the peer comparison — 46% think they're much better or somewhat better off than their peers (the remaining 17% said they didn't know). If millennials are overall thinking they're doing better than their peers, the situation on the ground may be better than we believe. But these results are on par with what overall respondents in the survey said — 38% think they're much or somewhat worse off than their peers, while 43% think they're somewhat or much better off.

That might be because most millennials with credit-card debt don't owe a lot. About 70% of those who have little stress about their credit-card debt owe less than $5,000. But 20% owe $5,000 to $10,000, almost 5% owe between $10,000 and $20,000, and 3% owe $30,000 to $40,000. It's a somewhat similar picture for those who aren't stressed at all about their credit-card debt — 83% owe less than $5,000. Perhaps these unworried millennials are just confident they'll pay their debt off — 64% of millennials who have credit-card debt have paid it all off at one point or another before.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. If you don't follow through with a payment plan and aren't fortunate to receive a financial windfall, financial help, or have your loans forgiven, you may end up joining the 11% of respondents who declared bankruptcy. Chapter 7 bankruptcy — liquidation bankruptcy for people with limited incomes, that aims to discharge all debt — involves more risk, attorney William Waldner of Midtown Bankruptcy previously told Business Insider. So bankruptcy may not wipe out the debt the way you think it will.

Of those with credit card debt, more than half owe less than $5,000 and nearly a quarter owe $5,000 to $10,000. In fact, nearly as many millennials have a mortgage as ones that have undergrad student loan debt (28.4%). Slightly more than half owe between $5,000 and $30,000 on their undergrad student loans. That's not to mention postgrad student debt, which 11% of millennial respondents have. That more millennials have car loan debt could be because Gen X and baby boomers have paid off their car loans by now.

☆ More than half of millennials have credit-card debt, and it reflects a financial reality other generations didn't face
▼ + stars: | 2019-10-16 | by ( Hillary Hoffower | Economics Correspondent | Millennial Wealth | ) www.businessinsider.com time to read: +3 min

More than half (51.5%) of those in a new survey from Insider and Morning Consult said they had credit-card debt. The survey polled 2,096 Americans about their financial health, debt, and earnings for a new series, "The State of Our Money." Of those who were in credit-card debt, slightly more than half (54%) said they owed less than $5,000, and 24% said they owed $5,000 to $10,000. The remaining one-fourth said they owed significantly more — 9% owe $10,000 to $20,000, 4.5% owe $20,000 to $30,000, and 4.5% owe more than $30,000. About 67% of the millennial respondents with credit-card debt said they had a lot or some stress about it — even those with smaller sums of debt.

☆ There's a simple rule to determine whether investing while paying off student loan debt is a smart move, according to the experts
▼ + stars: | 2019-04-21 | by ( Hillary Hoffower | Economics Correspondent | Millennial Wealth | ) www.businessinsider.com time to read: +3 min

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyStudent loan debt is at an all-time high — the national total student debt is over $1.5 trillion and the average student loan debt per graduating student in 2018 who took out loans is $29,800, according to Student Loan Hero. So should millennials still invest while they have student loan debt — or should they pay it off first? Based on that, any student loan debt with interest higher than 7% should be paid off first, she said. Consider the economic climate and company-match programsWhether you invest while paying off student loan debt also depends on the climate in which you're investing, according to Virta. A company match means your company will match whatever contribution you put towards your 401(k) up to a certain amount.

Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago, according to an INSIDER and Morning Consult survey. Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago, according to an INSIDER and Morning Consult survey. Of those who answered the question, more than half who think they're worse off financially consider themselves poor, while 34% of respondents consider themselves working class — only 14% of the people who answered think they're middle class. The burden of student-loan debt, which totaled nearly $1.5 trillion in 2018, according to Student Loan Hero, doesn't make saving any easier. Of the millennials who think they're worse off financially, 33% are still paying off student loans; 23% previously paid them off.

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Bankrate.com recently released a report detailing the best places to save for a six-month emergency fund in 50 US metro areas. San Jose, California, was the hardest place to save money for emergencies, while Kansas City, Missouri, was the easiest. AdvertisementAdvertisementA new report by Bankrate.com outlines the best places to save money for a six-month emergency fund across 50 US metro areas. Even in the easiest metro area to save money — Kansas City, Missouri — the typical family can save as much as 63% of their emergency-fund goal in just one year. We narrowed down the list to the 25 best places in the US to live to save money, ranked from the hardest to easiest.

Persons: Bankrate.com, That's, deducting Organizations: Kansas Locations: San Jose , California, Kansas City , Missouri, Memphis , Tennessee

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