Last week the Federal Reserve hiked the federal funds rate by ¼ of a percentage point for the fourth time since December 2015. The funds rate is still below the rate of inflation, which means the Fed is still a long way from becoming tight. The Fed also presented a relatively detailed plan to begin […]
When the Federal Reserve raises rates by another quarter percentage point on Wednesday, you’re going to see many stories about monetary policy getting tight and the potential threat that poses for the economy in general and the bull market in stocks in particular. As usual, you should discount the conventional wisdom. What’s really going on […]
Late last week automakers reported selling cars and light trucks at an annual rate of 16.7 million units in May, down 3% from May 2016. If you look at a twelve-month moving average, sales peaked back in April 2016 and have been trending lower, ever since. Meanwhile, the twelve-month averages for home construction, prices, and […]
Do you consider your pet a family member? Are they included in your estate planning? Watch our video for more information.