At the end of July, the Fed hiked rates another 0.75 percentage points in an attempt to curb inflation. The markets handled the increase well, but there is a concern about what continued rate hikes could mean for the economy. Here is a look at what has happened so far this year, and what the […]
Has the Stock Market Bottomed Out?
It’s been a challenging year for Wall Street. Nasdaq has lost a third of its value so far, and the S&P 500 reported its worst first-half return since 1970. These responses aren’t a surprise, considering all the factors involved. Record-high inflation, increasing interest rates, Russia’s invasion of Ukraine and the still-lingering effects of the pandemic […]
Interest Rate and Economic Update Summer 2022
High inflation, turbulent markets and economic instability continue to be some of the themes of 2022. There are many uncertainties about what’s to come, but layoffs, higher interest rates and even a recession are all possibilities. Let’s take a look at the current conditions and what they could mean going forward: Summer 2022 Inflation As […]
Why Financial Education is Essential for Both Spouses
In many households, one spouse or partner tends to be more involved in the money management than the other. But ultimately, regardless of what your relationship (or your parents’ relationship) looks like, it’s very important that both people are in the loop about their finances. Why Financial Education Matters The reality of life is that […]
Student Loan Payments: How to Prepare
The student loan payment relief has been extended through August 31, with payments set to resume “at some point,” according to the Biden administration. But that extension might continue beyond August, as new student loan relief initiatives may not be ready in time. What does that mean for you? Depending on your degree, your loan […]
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