Powell signalled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong
The economy is growing, the stock market is soaring and unemployment remains low. It’s the perfect time to prepare for the worst. Financial planners know that no party goes on forever. And it’s much easier to make smart decisions when things are going well than when times are tough. Now’s the time to help clients […]
Is it time to get defensive?
U.S. housing starts ticked up just 0.9% in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9% plunge seen in June as rising lumber, […]
The inflation rate in Britain has picked up, keeping a squeeze on households facing the uncertainty of Brexit. Official figures released Wednesday show that consumer prices were up 2.5% annually in July, up from June’s 2.4% rate. That remains above the Bank of England’s target of 2% and helps justify the central bank decision earlier […]
Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth. Retail sales rose at a 0.5% annual rate in July, after a 0.2% increase the previous month, the Commerce Department said Wednesday. June’s increase, though, was revised lower from a previous […]
Turkey's currency and stock market kept on falling Monday
Most of July's increase in consumer prices came from higher housing costs
Market volatility obscures a fundamentally sound investment picture
The price war among mutual fund companies is hitting a new frontier in the U.S., to the further benefit of investors. Fidelity says it will soon offer a pair of mutual funds that charge zero in expenses. The new index funds are part of a suite of changes Fidelity is making to lower expenses and […]