Economy & Markets
The important economic and stock market news that advisors need to know.
Powell Says Nearly All Officials Expect 'Some' Further Fed Hikes
By Jonnelle Marte & Craig TorresThe forecasts imply officials expect two additional quarter-point rate hikes or one half-point increase before the end of the year.
June 13, 2023
3 Midyear Portfolio Strategies for Waiting on a Recession"The range of potential market outcomes has never been wider," State Street's strategy team writes.
June 13, 2023
Stocks Climb on Bets Fed Is Ready to Take a BreakThe S&P 500 rose for a fourth consecutive day and was on pace for its longest winning run since early April.
June 13, 2023
Cities Where Inflation Is Plummeting NowSome areas saw prices rise around just 2% in the past 12 months, with big drop-offs in the cost of household energy and motor fuel.
June 13, 2023
Here's How Much It Takes to Be Wealthy vs. Feel Wealthy: SchwabNearly half of Americans say they feel wealthy, according to a new survey.
June 13, 2023
15 Largest U.S. Banks by AssetsAssets at the four biggest banks grew nearly $500 billion in three months, according to S&P Global.
June 13, 2023
Have Big Social Security COLAs Sparked a Retirement Spending Spree?Older Americans' spending is growing faster than younger Americans', but Social Security is only part of the story.
June 13, 2023
Social Security COLA Estimated at 2.7% for 2024 as Inflation CoolsThe estimated benefit increase reflects price growth of 0.1% in May and 4% from a year ago.