Markets Sink Following Inflation Report Inflation numbers are headed in the wrong direction. June’s consumer price index (CPI) came in at 9.1%, surpassing the expected 8.8% and hitting a fresh 40-year high. The number pretty much locks in another interest rate rise of 75 basis points (.75%) at the Federal Reserve’s next meeting, scheduled for …
THE WEEK IN REVIEW: June 19-25 Finally! A positive week for markets After finishing down in the past 10 of 11 weeks, markets finally showed signs of life last week. A sharp rally helped boost the S&P 500 out of the bear market territory, while the Dow added more than 800 points late in the …
THE WEEK IN REVIEW: June 20 Interest rates spike, markets rally The Fed met on Tuesday and Wednesday. Expectations last week were for it to raise rates another 50 basis points (bps) and for the Fed Funds rate to rise to 1.25%, but over the weekend it was leaked that the Fed would rise by …
Written by Erik Schuster, CFP® Financial Planner: US Stocks and Bonds are moving in the same direction, down. Since 2000, it is rare to see stocks and bonds move in correlation. It happened briefly in 2008 and again in 2018. Both occurrences were short-lived. What we are seeing today is the perfect storm the Federal …
THE WEEK IN REVIEW: June 5 – 11 Inflation Gets Worse The Consumer Price Index (CPI) climbed back to 8.6% after dipping to 8.3% in May, setting a new 40 – year high. (The previous recent high was 8.5% in March.) So much for peaking inflation; it seems we’re heading in the wrong direction. Prior …
Retirement Planning A recent survey found that about 50% of couples do not agree on how much money they should have saved by retirement. However, new research shows that couples who engage in financial planning together tend to be happier and more successful during retirement. Interestingly, couples that score highly on cognitive interdependence (meaning they …
In mid-to-late January, investors experienced one of those common but utterly nerve-wracking pullbacks in the stock market. An accumulation of factors — inflationary pressure, potential adjustments to monetary policy, geopolitical concerns — combined to put the stock market into a tailspin. If there is one reminder that might provide investors comfort, it’s that none of …
February 2022 In November 2021, the Center for Medicare and Medicaid Service (CMS) released the 2022 premium amounts. If you are currently on Medicare or approaching Medicare age, you most likely took notice. The CMS announced a 14.5% increase to Part B medical coverage. The new amount will be $170.10, up from $148.50 in 2021. …
In 2019, the millennial generation (born from 1981 to 1996) surpassed the number of baby boomers (born between 1946 and 1964) in the United States. Today, one in four people is a millennial.1 Many millennials came of age at the turn of the millennium, which means they were aware of the fallout from the 9/11 …
