Fed’s report of positive economic growth could bring end to COVID-era forbearances

Fed’s report of positive economic growth could bring end to COVID-era forbearances

The economy is improving and many COVID-era forbearance periods are coming to an end. What does that mean for your student loans? (iStock) The Federal Reserve recently released its Beige Book report, which showed an uptick in U.S. economic activity in April and May. The Fed described it as a “moderate pace” and said the

Americans Boosted Spending, Adding Fuel to Economic Growth

Americans Boosted Spending, Adding Fuel to Economic Growth

Americans continue to venture back out into public to buy services they went without for more than a year—a shift that is adding fuel to the economic recovery and stirring higher inflation. Consumer spending, the biggest source of economic demand in the U.S., rose 0.5% last month after surging in March, the Commerce Department said

Treasury Yields Tick Higher After Economic Data and a Big Budget Proposal

Treasury Yields Tick Higher After Economic Data and a Big Budget Proposal

Text size Treasury yields climbed Thursday after a couple of economic data points indicated a continued U.S. recovery and amid reports that a coming budget proposal from the White House would, if adopted, boost federal spending to the highest levels since World War II.  The economic recovery is among the factors driving Treasury yields higher.

First-Generation College Graduates Lag Behind Their Peers on Key Economic Outcomes

First-Generation College Graduates Lag Behind Their Peers on Key Economic Outcomes

Pew Research Center conducted this analysis to understand more about how the educational background of parents is linked to their children’s labor market and economic outcomes. Much has been written about the impact parental education has on children’s educational attainment, but less is known about the longer-term impact on economic well-being. Two surveys collected by

U.S. Economic Rebound Proves More a Grind Than a Boom

U.S. Economic Rebound Proves More a Grind Than a Boom

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The prevailing scenario for the U.S. recovery on Wall Street and in Washington has until recently focused on a boom fueled by consumers roaring back to life with a vengeance in a vaccine-induced reopening of the economy. The reality emerging from the latest