USA finance

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S.S. disability…

Headlines: 15 May 2022

– Senior Citizens League predicts a COLA rise of 8.6% for Social Security recipients in 2023.

– Perigo CEO says baby formula shortage could last the rest of the year. What has the White House said?

– Bitcoin falls below $30,000, what is causing the crypto-collapse?

– Russia’s currency, the ruble, is one of three that made gains against the US dollar this year, in spite of sanctions.

– California governor Gavin Newsom releases new proposal that includes the sending of gas stimulus checks to the state’s residents.

– Average price for gallon of gas in US inches up further, $4.43 on Friday.

– Inflation increased 0.3 percent in April, for a year over year increase of 8.3%.

– US 30-year fixed mortgage rate rises to 5.3% according to St Louis Fed, increased rate could cool house price rise.

Helpful information and links

– What is the average retirement income for a single person?

– How long does it take for a SNAP application to be approved?

– Pros and cons of a 30-year or 20-year mortgage for home purchases

Source: https://en.as.com/latest_news/usa-finance-and-payments-live-updates-bitcoin-drops-400-monthly-check-car-owners-child-tax-credit-2022-ss-disability-n-2/

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