Powell Sees Higher Peak for Rates, Path to Slow Tempo of Hikes
By Jonnelle Marte, Catarina Saraiva and Steve MatthewsThe Fed's unanimous decision lifted the target for the benchmark federal funds rate to a range of 3.75% to 4%, its highest level since 2008.
November 02, 2022
Record Powerball Jackpots Are Teachable Moments for Pension ParticipantsPension participants (and lottery winners) have to carefully evaluate the pros and cons of a lump-sum offer.
November 02, 2022
Schwab Considers Loan Options for ClientsOne goal is to prevent advisors from introducing other firms into the client relationship, the company says.
November 02, 2022
Drop Complex Lingo With Clients, Tell Stories Instead, Morgan Housel SuggestsMany financial advisors avoid giving simple advice because they want to justify their fees, Housel says.
November 02, 2022
Fed Hikes Again by 75 Basis Points, Hints at Entering End PhaseThe move will spur speculation that Fed Chair Jerome Powell and colleagues may slow the pace of rate increases at their December meeting.
November 02, 2022
New House Bill Allows Automatic 401(k) RolloversThe bill enables workers to "manage all their retirement assets in one place," says ERISA attorney Steve Saxon.
November 02, 2022
Voters Weigh Candidates' Crypto Positions as Midterms Approach: PollMore than half of Americans surveyed agree that "cryptocurrencies are the future of finance," according to Grayscale.
November 02, 2022
BD Deals: When Do Advisors Win, Lose?The size of the firm being sold and of the acquiring firm can make a big difference in advisor retention.