The 'Bond King' Warns US Consumers are Headed Down 'A Death Spiral'
CEO Jeffrey Gundlach – "The Bond King" – cautioned of weakening economy in 2024 and Americans embarking on "death spiral" over personal finances.
Mortgage Applications: 'They've Ground to a Halt'
Demand for mortgage applications fell 6% last week to its lowest point since 1995.
Fed’s Bid to Avoid Recession Tested by Yields Nearing 20-Year Highs
The Fed may be putting its hoped-for soft landing of the economy at risk by tacitly accepting a run-up in long-term interest rates.
Workers' Mental Health Takes a Dive, Survey Finds
A new survey shows that American workers’ mental health is plummeting.
Yellen Says Higher-for-Longer Scenario Is ‘By No Means a Given’
Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down.