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The Latest Breaking News from The Kiplinger Letter

U.S. Renewable Fuel Requirements to Hit Record High: Kiplinger Economic Forecasts

In an effort to reduce carbon emissions and use up a growing supply of renewable diesel, U.S. renewable fuel requirements through 2025 will reach a record high.

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The Fed Launches Real-Time Payments System: Kiplinger Economic Forecasts

FedNow, the Federal Reserve's real-time payment system works with banks and service providers to facilitate instant transactions 24 hours a day, 365 days a year.

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Auto Market Recovers Slowly but Deals Still Hard to Find: Kiplinger Economic Forecasts

Understand how the auto market is slowly recovering as car inventory improves. Buyers have more options, but interest rates are still high.

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Southwest Airlines Bracing for Pilots Strike: Kiplinger Economic Forecasts

Southwest Airlines Pilots are at a stalemate with the airline over the pilot scheduling system. It could lead to a strike if an agreement is not met.

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Consumer Credit Growth Slows as Lending Standards Tighten: Kiplinger Economic Forecasts

Consumer credit growth is slowing due to high interest rates and banks implementing tighter lending terms on credit cards.

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Who Gets Royalties for AI-Created Music? Congress to Review: Kiplinger Economic Forecasts

As AI continues to grow, artists want Congress to reconsider the Music Modernization Act and royalties for AI-created music.

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Adoption Of Speedy 5G Services Is Growing: Kiplinger Economic Forecasts

The use of mobile video apps, such as TikTok and YouTube, is driving the adoption of 5G around the world.

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SEC Sues 2 Major Crypto Exchanges, Attempts to Regulate the Industry: Kiplinger Economic Forecasts

Financial regulators, like the SEC, want to crack down on the growing crypto industry with a set of checks and balances.

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Recession Delayed to 2024, If Any: Kiplinger Economic Forecasts

Rising interest rates haven’t slowed consumer spending enough to bring the economy into a recession so far, but it could still be on the horizon.

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Pickleball Injuries Are to Blame for Surging Health Care Costs: Kiplinger Economic Forecasts

Insurers have reported higher demand than expected for health care related to pickleball injuries. It could cost the U.S. up to $500 million in 2023 alone.

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Biden Administration Considering Raft of Changes to Labor Rules: Kiplinger Economic Forecasts

The Department of Labor is planning new regulations on OSHA reporting, contract worker classification and possibly a new overtime salary minimum.

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How Low Demand for Cardboard Boxes Could Signal a Recession: Kiplinger Economic Forecasts

A drop in cardboard box production indicates a lower demand for consumer goods and a creeping recession, but service industries could mitigate such effects.

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Risk of Fall Government Shutdown: Kiplinger Economic Forecasts

The latest Congress stalemate risks a government shutdown in October 2023, spending cuts and a dent in GDP growth.

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China’s Economy Slows, Shows No Clear Signs of Improvement: Kiplinger Economic Forecasts

China’s economy has slowed due to fewer exports, a dwindling housing market and less consumer spending.

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Looking Ahead: Congressional Spending Fights and 2024 House Elections: Kiplinger Economic Forecasts

After a SCOTUS decision against gerrymandering, election maps in 2024 could affect many House races. Also, Congress fights over spending while trying to avoid a shutdown in fall 2023.

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China’s Economy Weakened by Low House Prices and Falling Exports: Kiplinger Economic Forecasts

China’s economy lost momentum in May due in part to fewer exports and declining housing prices, but the country’s fast fashion retailers are booming.

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Cooling Labor Market Can Help Inflation Come Down: Kiplinger Economic Forecasts

Inflation could ease further as the labor market cools, with unemployment edging up and more workers who are reluctant to quit.

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Democrats and Republicans Battle to Reauthorize Appropriations Bills: Kiplinger Economic Forecasts

With more than a dozen annual appropriations bills needing to be passed, Republicans and Democrats in Congress will butt heads over spending.

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10 States Sue the Biden Administration Over High Flood Insurance Rates: Kiplinger Economic Forecasts

The Federal Emergency Management Agency’s Risk Rating 2.0 pricing plan could raise average flood insurance rates 100%, and states like Florida and Louisiana are pushing back.

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S&P 500 Companies Are Reducing Buybacks: Kiplinger Economic Forecasts

Understand why the 2023 outlook for S&P 500 companies includes less cash spending and fewer buybacks.

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How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts

Here's why a compromise on the debt ceiling means more spending caps for future annual budgets.

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U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts

See why U.S. debt will continue to rise, thanks to factors such as inflation, Medicare, and Social Security spending.

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Need a Loan or Credit? It May Get Harder for Businesses and Individuals: Kiplinger Economic Forecasts

Getting a loan or credit may get harder for businesses and individuals: Kiplinger Economic Forecasts

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Could President Biden Get Impeached? Kiplinger Economic Forecasts

Republicans are currently laying the groundwork to impeach Biden, but what are their chances of success? Kiplinger Economic Forecasts

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Mixed Bag on Business Costs as Manufacturing Costs Fall, Oil is Headed Up: Kiplinger Economic Forecasts

Mixed bag on business costs as manufacturing and gas prices fall, but oil is up: Kiplinger Economic Forecasts

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