Economy & Markets
The important economic and stock market news that advisors need to know.
Why the Fed Should Raise Interest Rates This Year: UBS Economist Drew Matus
By Bernice NapachZero interest rates don't work when so much of the population is approaching retirement, says Matus.
October 15, 2015
Confirmed: No Inflation Means No Social Security COLA; Medicare Premiums to Surge for SomeDrop in CPI confirms Social Security beneficiaries will see no benefit increase, again, while upper-income recipients will see big jump in Part B premiums.
October 14, 2015
Fed Says Cybersecurity Is ‘Right at the Top’ of Priorities ListFeds Arthur Lindo tells SIFMA/AICPA attendees to prepare for when an attack will come, not if, and for the banking and brokerage industries to share in their defenses.
October 14, 2015
Boomers’ Wealth Poses Problems for U.S. Economy: J.P. MorganJ.P. Morgan Asset Management research shows big gap in balance sheets of older and younger generations, with implications for wider economy.
October 14, 2015
BofA, Wells Fargo Top Q3 EstimatesWealth management results at the wirehouses, though, weaken along with the market's recent decline.
October 14, 2015
52 Groups Press Senate to Close Carried Interest Tax LoopholeClosing the carried interest loophole could help pave the way for a budget deal, groups tell Senate leaders
October 13, 2015
Financial Firms’ Q3 Earnings Seen Nearly Flat, at BestAs earnings season kicks off, analysts expect banks to report a rough third quarter, with one notable exception.
October 13, 2015
Fund Managers Chilling Out About China, See No Fed Rate Hike in 2015Only 47% of fund managers see a Fed rate hike this year, down from 58% in September, according to Merrill's monthly poll.