In his speech at the Jackson Hole Economic Symposium on Friday, Federal Reserve Chairman Jerome Powell made it clear that the central bank’s actions to control inflation would cause “households and businesses to suffer.”

He pushed back on the idea that reports of moderating inflation in July could lead to slower interest rate hikes, saying he still saw “strong underlying momentum” in the U.S. economy.

Gregg Robb analyzes Powell’s remarks.

Rex Nutting points out that high inflation has helped push corporate profit margins to very high levels.

For investors, here is a group of stocks that can protect you as the Federal Reserve slows the economy.

The housing downturn is accelerating

MarketWatch photo illustration/iStockphoto


Real estate brokers and agents say the United States has entered a real estate recession. Here’s what that could mean if you’re buying or selling a home.

And here is how this housing decline differs from the 2008 crisis.

Continue reading: This nonprofit wants to buy homes before investors, then sell them to low-income buyers

A different approach to “silent weaning”

Illustration by MarketWatch


This week there have been reports of backlash against the “silent shutdown”, but perhaps the problem is that it’s not the best term for what may be a reasonable attempt to reduce stress while continuing to do a great job. Quentin Fotrell offers his own vision of silent weaning.

More information on MarketWatch’s Help my Career column: White-collar graduates are vulnerable to recession and need to be smart when applying for jobs. Here’s exactly how to do it.

Stock picks for a “new upswing”

An Amazon fulfillment center in Hemel Hempstead, England.

Getty Images

The S&P 500 SPX,
-3.37%
is down 12% this year, but is up 11% from its 2022 closing low on June 22. Michael Brush thinks we’re in a new bull market and names five stocks to buy, including Amazon.com AMZN,
-4.76%.

More choice : These three safe stocks yield more than 10-year Treasuries

If you are still bearish: This investment strategy acts on 18 trends to reduce your risk when the stock market is volatile

Signs of technological easing

Nvidia released sales forecasts lower than analysts had expected.

Getty Images

This week, Nvidia NVDA,
-9.23%,
DELL DELL,
-13.51%
and Marvell Technology MRVL,
-8.93%
have been cautious in their revenue forecasts:

Financial penalties for elderly couples

Brett Arends describes two ways married couples are financially punished — and it’s not just about taxes.

In Retirement Weekly, Mark Hulbert looks at the 2023 cost of living increase for Social Security.

Biden cancels his student debt – here are the details

President Biden announces student loan relief at the White House on Wednesday.

Olivier Douliery/Agence France-Presse/Getty Images

President Joe Biden announced this week that the Department of Education would forgive $10,000 in debt for student borrowers earning up to $125,000 a year and write off an additional $10,000 for borrowers who received Pell grants.

Weston Blasi takes a closer look at the Pell Grants.

Steve Goldstein explains the expected economic effects of Biden’s plan to cancel student loans.

Charles Passy interviews a Harvard law professor who explains why his former students need debt relief.

Ford, layoffs and the painful EV transition

A Ford F-150 Lightning pickup truck.

Bill Pugliano/Getty Images

Ford F,
-3.26%
said it would cut 3,000 jobs as part of its transition to electric vehicles. Alex Salkever takes a closer look at the ripple effects of the transition to electric vehicles, which will affect millions of workers.

Life lessons from a “rogue”

Greg Steinmetz is the author of “American Rascal: How Jay Gould Built Wall Street’s Biggest Fortune,” which will be released Tuesday. In the BookWatch column, he shares 10 life lessons from the Robber Barons’ biggest thief.

Hear Ray Dalio at MarketWatch’s Best New Ideas in Money Festival September 21-22 in New York City. The hedge fund pioneer has a strong opinion on the direction of the economy.

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