“I don’t see the basis” for a recession

Treasury Secretary Janet Yellen told Yahoo Finance that she “doesn’t see the basis” for a US recession and that she expects the Federal Reserve to reach its 2% inflation target next year – a faster pace than as predicted by central bank policy makers. “I expect inflation to come down and going into next year … Read more

New research shows why you don’t need to be perfect to get the job done

Building compact behavioral programs. (A) Top: The space of strategies for solving a task can be large, with many strategies achieving reasonably good performance. Bottom line: Studying relationships between strategies can provide insight into behavioral variability across animals and tasks. (B) General task configuration: An animal makes inferences about hidden properties of the environment to … Read more

US workers don’t understand their 401k, survey finds

Starting a little is better than not starting a 401(k) at all.

A new survey explores a strange subset of American workers: Workers who aren’t enrolled in a 401(k) but think they are. In a Retirement Security Survey released this month, Major Financial Group found that nearly 6 in 10 non-savers, 59%, mistakenly believed they were contributing to a 401(k) retirement plan. The survey of non-savers reached … Read more