Written by
Marc Wojno, Senior Editor
Marc Wojno
Senior Editor
Marc Wojno has been a writer and editor in the financial field for more than two decades.
Full Bio
on January 20, 2022
| Topic: Finance
Inflation and a potential stock market crash. These are the two biggest threats to the US economy and to the financial wellbeing of Americans, so says a survey by personal finance software firm Quicken.
“Americans are feeling the impact of inflation across their daily expenses, which is why it’s on everyone’s mind,” said Quicken CEO Eric Dunn. “It’s important to understand exactly how economic changes, such as inflation and an unsteady stock market, impact our daily lives, and to have a handle on your personal finances so that you are prepared for the uncertainties ahead,” Dunn said in the press release.
The timing of Quicken’s survey coincides with the US Federal Reserve’s recent announcement that it will tighten monetary policy at a faster rate by raising interest rates three times this year starting in March. A recent Reuters poll in mid-January predicts the median forecast to be between 0.75% and 1.00% by the end of the year.
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