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Student Loan Payments

All articles tagged with #student loan payments

economy2 years ago

Economy's Plot Twist: Surprising Jobs Report Adds 336,000 Positions

The American economy continues to defy expectations of a recession, with a strong September jobs report raising questions about the effectiveness of Federal Reserve interest rate hikes. Falling crude oil prices offer relief from inflation, but the resumption of student loan payments and labor strikes pose risks to consumer spending. The economy is also facing a lack of leadership in the House and soaring housing costs. Despite concerns about a slowdown in China, trade between the US and China has rebounded to pre-pandemic levels.

via The Hill|
#economy#federal-reserve#inflation
finance2 years ago

Stocks Rebound as Bond Yields Retreat: Live Updates

U.S. stock futures edged lower as Wall Street struggled to maintain positive momentum, with investors looking ahead to key jobs data. Clorox shares slid 4% in premarket trading after the company provided lower-than-expected guidance for its fiscal first quarter. Hong Kong's private sector contracted for the third consecutive month in September, partly due to Typhoon Saola. Student loan borrowers are expected to cut spending now that loan payments have resumed, particularly in categories such as clothing, restaurants, and travel. Oil prices suffered their worst daily performance in over a year, with West Texas Intermediate crude falling 5.61%.

via CNBC|
#clorox#finance#jobs-data
economy2 years ago

"US Consumer Spending Set to Moderate, Not Plummet"

The US economy is expected to slow in the coming months as the Federal Reserve continues its fight against inflation, leading to a softening of consumer spending. However, investors and economists are optimistic that consumer spending won't deteriorate significantly, which should help stocks avoid a massive sell-off. Factors such as the resumption of student loan payments and Americans' credit card debt addiction could also contribute to a slowdown in consumer spending. The effects of the Fed's aggressive inflation-busting campaign and the impact of rate hikes are still uncertain. Overall, the stock market has performed well this year, but investors shouldn't expect stellar returns in the near future.

via CNN|
#economy#federal-reserve#inflation
personal-finance2 years ago

Navigating the Restart of Federal Student Loan Payments: What Borrowers Should Know

As federal student loan payments are set to restart in less than two months, borrowers are seeking ways to ease the burden. The Biden administration's new plan, called SAVE, aims to cap monthly payments at 5% of discretionary income and offers loan forgiveness after a certain number of years. Some companies, such as Google, Aetna, and Adidas, are also stepping up to help employees with their student loans by offering matching contributions. Borrowers are advised to take inventory of their debt, consider income-driven repayment plans, pay off what they can before interest resumes, automate payments, and stay informed about their options. Refinancing may not be beneficial for those eligible for income-driven plans or loan forgiveness.

via KABC-TV|
#employer-assistance#federal-student-loans#interest-rates
business2 years ago

Target's Stock Plummets Amid Controversies and Financial Woes

Target's stock was downgraded by KeyBanc Capital market analyst Bradley Thomas due to the resumption of student loan payments in the U.S. that was part of the recent debt ceiling bill. Thomas cited increasing consumer headwinds over the next 12-18 months and the growing risk of student loan payments as likely pushing out the margin recovery story at least another year. Target has faced criticism and calls to boycott the store for LGBTQ+ items they were selling for 2023 Pride Season. As of Monday, Target's stock price had fallen 16 percent over the past month and roughly 18 percent over the past year.

via Newsweek|
#business#consumer-spending#lgbtq