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USA finance and payments live updates: student debt cancellation, $2,753 monthly check, tax refund, recession…

Headlines: 4 May, 2022

– EU proposes landmark measures to impose gradual ban on Russian oil, following US’ oil ban

– Federal Reserve is expected to announce a 0.5% raise to its funding target rate today

– Goldman Sachs confirms: “Recession risk has risen”

– Inflationary pressures mean that civilian workers’ average income declined 3.7% in real terms over the year ending March 2022

– Wall Street enjoy steady growth on Tuesday after painful April: Dow Jones (up 0.2%), NASDAQ (up 0.22%), and S&P 500 (up 0.48%)

– President Biden confirms intention to announce decision on student debt cancellationin the coming weeks

– Some states are offering higher SNAP benefit amounts as food prices increase

– Where do the experts stand on renting vs buying in this new housing market

Helpful Information & links

– What is my tax refund status? Use the IRS’ Wheres My Refund? tool

– Where can I find the lowest prices for electricity in the United States?


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