Key takeaways If your state overpays your unemployment insurance benefits, you'll typically need to repay by a set due date, file an appeal or request an overpayment waiver with the state, or you could face negative financial consequences. Expect to receive a notice by your state in the mail detailing next steps. You can also negotiate a payment plan to...

Raghuram Rajan, former Chief Economist at the International Monetary Fund (IMF) and former RBI Governor has urged central banks globally to raise their intervention thresholds. This recommendation comes in the wake of Jerome Powell’s speech at Jackson Hole. What Happened: Rajan praised the U.S. Federal Reserve’s success in curbing inflation, which fell from 9% in June 2022 to under 3%...

(Reuters) - San Francisco Federal Reserve President Mary Daly on Monday said the time is upon us to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs.    Asked if there is anything that could derail a rate cut at the U.S. central bank's Sept. 17-18 policy meeting, Daly told Bloomberg TV that it would be...

Officials from three of the world’s leading central banks have now hinted at potential interest rate cuts in the upcoming months. This move comes as the global economy continues to recover from the inflationary effects of the pandemic. What Happened: Jerome Powell, the Chair of the Federal Reserve, suggested at an annual gathering of global policymakers and economists in Jackson...