Paul Davidson
USA TODAY
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Past articles by Paul:
As recession threatens, Supreme Court student loan forgiveness ruling may hurt the economy
The Supreme Court's ruling Friday striking down Biden's plan to forgive about $400 billion in student loans is likely to hurt a weakening economy. → Read More
Inflation eased in May but data also showed prices excluding food and gas stayed high
An inflation measure that's closely watched by the Fed eased in May but a core price gauge stayed high, according to PCE inflation index → Read More
Bidenomics? President tells Americans why his policies are good for their pocketbooks
In a speech Wednesday in Chicago, Biden is expected to say his "Bidenomics" policies have boosted the economy. A look at their benefits and flaws. → Read More
When will the Fed lower interest rates? With more hikes expected in 2023, timeline shifts
When will the Fed start lowering interest rates? Its recent forecast for two more rate hikes this year has pushed out estimates for rate cuts. → Read More
Inflation cools again as CPI data shows grocery prices fell, food cost eased
CPI data shows inflation fell to 4% in May, a new 2-year low, as gas prices, food price gains eased. Core consumer price increases remained high. → Read More
Fed pauses interest rate hikes, signals two more increases likely in 2023 to fight inflation
The Fed’s decision provides a reprieve to consumers who have been socked with steady increases in loan rates. → Read More
May jobs report released: Booming 339,000 jobs added as unemployment rises to 3.7%
Employers added 339,000 jobs in May despite high interest rates and inflation. Unemployment rose to 3.7% → Read More
Is there a labor shortage? It's easing in most places, but not much in the South. Here's why.
Worker shortages have eased across much of the nation this year as Americans sidelined by the pandemic have returned to the labor force and business demand for employees has cooled amid rising interest rates and recession risks. → Read More
As debt ceiling deal passes House, stock futures take milestone in stride
S&P 500 futures were largely unchanged after House passed a debt ceiling deal that would let U.S. avoid default. Investors have long expected a deal → Read More
Debt ceiling drama: What happens to the economy and your wallet if a deal is struck or not.
As the White House and Congress near a deal to raise the nation's debt ceiling, what a deal – or what no deal – would mean for you and the economy. → Read More
What is Social Security? How does it work?
What is Social Security and how does it work? The program that serves about 70 million Americans is in the spotlight because of debt ceiling, solvency → Read More
How much do I need to retire? A guide to financially making the most of your golden years
Here's how you can set yourself up financially to make the most out of your post-career years. → Read More
Fed says it's unlikely to cut interest rates in 2023, even in recession. Markets don't buy it
The Fed says it won't cut interest rates this year even if there's a recession because it wants to stamp out inflation. Markets aren't buying it. → Read More
Powell says Fed interest rates may not need to rise as much amid banking stress
Fed Chair Powell said officials may not have to raise the fed funds rate as much due to banking system stress. He added risks are "more balanced" → Read More
How immigrants are driving labor force growth, easing worker shortages and inflation
Immigrants are behind most of the growth in the U.S. labor force the past few years. The trend has helped ease worker shortages and slow inflation. → Read More
Job market for college grads may be slowing, but these industries are still strong options
The job market for college grads is cooling off but some industries are still hiring. While tech struggles, health care, education, retail are hiring → Read More
Trying to get a loan? How the 2023 banking crisis has made borrowing even tougher.
Banks have made it tougher for consumers and businesses to get loans after SVB crisis, according to Fed's Senior Loan Officer Opinion Survey. → Read More
Worker shortage was supposed to give people with no college degree opportunity. But has it?
Pandemic-related worker shortages have led many employers to drop requirements for a four-year college degree and consider candidates based on their skills and experience. So have they stepped up their hiring of non-degreed job applicants? Not so much. That, at least, is the finding of a recent study by the Upjohn Institute for Employment Research. → Read More
Federal Reserve will likely hike interest rates again, signal a pause in inflation fight
The Federal Reserve is expected to raise its key interest rate by another quarter point, then signal a long pause - if inflation eases as projected → Read More
How do I find a financial advisor? These top firms can help with financial planning
A look at top financial advisors, according to USA TODAY and Statista. Amid a volatile stock market, consumers may need guidance. → Read More