What happens if the expected recession doesn’t arrive? Will higher interest rates become the new normal? Joseph Adinolfi of MarketWatch covers what the analysts are forecasting for 2023. • There’s a new bank scam afoot. As Ben Demers writes for Kiplinger, fraudsters are becoming more creative and may impersonate your bank. • A good credit score can save you thousands. Ellen Kennedy explains how to increase and protect your score.
Investors “Desperate” For A Recession That Forces The Fed To Cut Interest Rates — U.S. markets got off to a strong start in January as both stocks and bonds have rallied. But analysts are saying that “Good news is bad news” for stocks. Without a strong reason for the Fed to cut interest rates, they’re forecasting 2023 will be a volatile year in the markets. Read more…
Banking Scams: Beware Fraudsters Impersonating Your Bank — Consumers lost more than $5.8 billion to fraudsters in 2021, an increase of more than 70 percent over the previous year. The numbers for 2022 are expected to be higher when they are released. Here’s how to protect yourself when criminals try to impersonate your bank. Read more…
What Is A Good Credit Score? — Lenders use these scores to decide whether a potential borrower is qualified for a loan, and in many cases, to set the interest rate and other terms. Ellen Kennedy explains how to check, protect, and even increase your score. Read more…
John R. Day, Bill Ennis, and Matt Heller