Fed Note: July 2022
The Federal Reserve Open Market Committee continued its aggressive tightening pace in the June meeting, by raising the key fed funds interest rate today by 0.75%—to a new range of 1.50-1.75%.
News
Converting Savings to Retirement Income
During your working years, you’ve probably set aside funds in retirement accounts such as IRAs, 401(k)s, or other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an ongoing income stream…
Fed Note: June 2022
The Federal Reserve Open Market Committee continued its aggressive tightening pace in the June meeting, by raising the key fed funds interest rate today by 0.75%—to a new range of 1.50-1.75%.
Federal Student Loan Repayment Postponed for Sixth Time
On April 6, the U.S. Department of Education announced a record sixth extension for federal student loan repayment, interest, and collections, through August 31, 2022.1 The fifth payment pause was…
Fed Note: May 2022
The Federal Reserve Open Market Committee turned more aggressive in this month’s meeting by raising the key fed funds interest rate by 0.50%—for the first time in over twenty years by that amount—to a new range of 0.75-1.00%. There were no dissents.
What Do Rising Interest Rates Mean for Your Money?
On March 16, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate by 0.25% to a target range of 0.25% to 0.50%. This is the beginning of a series of increases that the FOMC expects to carry out over the next two years to combat high inflation.
Colliding Forces: Russia, Oil, Inflation, and Market Volatility
The Russian invasion of Ukraine has drawn condemnation and punitive sanctions from the United States, Europe, and their allies. The humanitarian cost of war cannot be measured, and the long-term economic effects could take months or years to unfold.
Cryptocurrency Investments: A Primer
Cryptocurrencies are digital assets, based on multi-user computer networks, which employ new ‘blockchain’ technology. These are unique from the physical assets we commonly think of and invest in, such as real estate, oil, metals, or shares of company stock. Unlike those physical assets, crypto is held in digital form, similar to how one would store computer files.
Market Update: Ukraine Conflict
A quick note from The H Group…With Russia’s decision to invade Ukraine, markets are experiencing increased volatility as they try to price in the geopolitical fallout. We do anticipate volatility may remain high until there is a better understanding of how far Putin’s plans may span and the extent of which sanctions may be applied by the West.
Year-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also…