The Fed tries to control inflation without hurting the economy. Above, the Federal Reserve Bank Building in Washington, DC Stephanie Reynolds/AFP via Getty Images font size Many people take advantage of the new year for a fresh start. The market certainly did: After a painful 2022, it was Standard & Poor’s 500 It jumped 5.5% … Read more
With stocks still rising, many major financial institutions are now anticipating a major downturn in global markets. The S&P 500 is up more than 10% since its October lows of last year. In Europe, the STOXX 600 index increased by more than 15% over the same period. But according to some investment banks, those gains … Read more
If you made a transfer to a Roth individual retirement account in 2022, you may have a more complex tax return this season, experts say. Pre-tax transfer strategy Non-deductible IRA Funds to a Roth IRA for tax-free future growth tend to be more common during a Stock market downturn Because you can transfer more assets … Read more
TOP 10 THINGS TO WATCH WEDNESDAY, JANUARY 18 1. ‘Moderate recession’ are the new watchwords. We’ll talk about this concept and how to operate it during the Monthly Meeting on Thursday noon ET. Meanwhile, ahead of Wednesday’s opening bell, new data shows that still-high inflation is easing. Producer prices in December fell 0.5% more than … Read more
font size Tesla cut the prices of some of its vehicles by as much as 20% last week as inventory piled up and order prices plummeted. Brandon Bell/Getty Images High intergenerational inflation It was the story of 2022. This will not be the story of 2023. The bogeyman of negating inflation — and even some … Read more
