The U.S. economy probably added 185,000 jobs in March while wage gains accelerated, a survey of economists showed, reinforcing the Federal Reserve's case for continuing to increase interest rates gradually to keep inflation from overheating while keeping unemployment low.
In March's Action Alerts PLUS members' call, Cramer discusses which companies will be affected by the interest rate hikes and how the lack of inflation affects the economy overall.
Bill Dudley, who as president of the Federal Reserve Bank of New York oversees big banks like JPMorgan and Citigroup, says bankers might police risk-taking by employees more aggressively if their compensation came in the form of bonds instead of stock. That way, they'd care more if their company could pay back its debts.
The U.S. central bank's monetary-policy committee raised benchmark borrowing costs by a quarter percentage point to a range of 1.5% to 1.75%, in Jerome Powell's first meeting as Fed chairman.
Traders fully expect the Fed's monetary-policy committee to raise benchmark borrowing costs by a quarter percentage point at a meeting that starts Tuesday and culminates Wednesday with Powell's first press conference as chairman. The question is what comes next.
Getting approved for a mortgage loan with high student loan debt is a doable task, but it takes some careful planning and a healthy dose of creativity.
Liquidity, transparency and leverage 'combined to sink the system' back then. What are the odds it happens again?
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