The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?
Many schools across the Clark County School District are crumbling. Broken air conditioners, leaky roofs and cracked paint are just a few problems facing older schools in the district. Officials in the district recognize the need for maintenance and repair of school buildings but are struggling to pay for it. The School District estimates it needs about $5.1 billion to make repairs over the next decade. We discuss how the district plans on making school repairs it can't afford.
The stock market has recovered some of the ground lost during the Great Recession but many companies no longer match 401(k) contributions and interest rates are near zero. So how can anyone build wealth for retirement? We talk with personal finance experts and wealth advisors including Hugh
Anderson of Anderson and Delutri, Merrill Lynch.
