Jul 11, 2021 | Financial Planning
U.S. consumer borrowing surged by $35.3 billion in May as Americans, bolstered by a reopening economy and rising job levels, went back to using credit in a big way. Borrowing on credit cards and for auto and student loans showed solid gains in May. It marked the...
Jun 20, 2021 | Financial Planning
Stocks fell every day this week from Tuesday through Friday and the S&P 500 finished its worst week since February, after St. Louis Federal Reserve President James Bullard said interest rates may need to rise next year to tamp down possible inflation. His comments...
Mar 27, 2021 | Financial Planning
Stocks finished a volatile week with a surge into the close Friday, helped by a boost from President Biden’s doubling of the U.S. vaccine rollout target and the Federal Reserve’s decision to free banks from restrictions on dividends and buybacks. Also, the final...
Jul 12, 2020 | Financial Planning
On June 10, 2020, the Federal Reserve maintained its target for the federal funds rate—the benchmark for most interest rates—to a range of 0% to 0.25%. The next Fed meeting is on July 28-29 and given the recent economic indicators and the rise in corona virus cases,...
May 31, 2020 | Financial Planning
UBS Group, developed a portfolio called Yield Enhancement Strategy (YES) aimed at conservative investors searching for income from their investments. At its peak, the portfolio boasted $6 billion in holdings. The YES brochure claimed that the strategy limits exposure...
May 24, 2020 | Financial Planning
Every state has started to reopen its economy, which will give us the first true indications of the current economic direction, outlook into the full impact of the downturn and nature of the recovery. Of course, a spike in deaths from the virus will put us back in a...
