In a highly anticipated move to keep inflation in check, the Federal Reserve will probably increase borrowing rates once again. This time, the Federal Funds Rate, or the rate banks charge each other to lend money will be raised to 5.50% from 5.25%. This decision marks a significant turning point in the United States’ economic landscape...
Tag - finance
Artificial Intelligence (AI) has taken Wall Street by storm. Reminiscent of the rise of Internet and Dot.com companies in the late 90’s, AI promises a quantum leap in technological advancement changing the way humans interact with the world around us. It is unclear today just how much this new technology will impact our lives. Many are fearful...
Roth IRA ‘five-year rule’ can trigger an unexpected tax bill: Here’s what you need to know. It’s especially important to understand how each type of IRA works when it comes to things like contributions, tax deductibility, and withdrawals, since these features can affect your finances now and down the road. Roth IRAs are a type...
Economic headlines have been a bit scary lately. Housing sales are down, interest rates are up, stocks are down, inflation is way up. The labor market has been pretty darn good for those willing to work hard. Many have quit and moved on to a better job with higher pay. Is it time to take a step back, take a breath, and look at the bigger picture...