The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut. “I think they’re fully planning on cutting in July, absent stronger data,” said Ed Keon, QMA chief investment strategist. “The market liked it now, but it’s important to keep in mind, rate cuts
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters The Federal Reserve‘s decision Wednesday to keep interest rates steady came as a relief to many. And rightfully so. After the Fed raised the federal funds rate nine times in three years, with the last
Our Contrarian Income Report mailbag served up an important question from a reader this week. What are the perfect retirement dividends to buy and hold forever? Our subscriber is retired and manages investments for him and his wife. He asked me how to build a portfolio that will give her reliable income, with little maintenance,
Most people spend too much time worrying about things they can’t control or influence and not enough time on factors over which they have some influence. When considering retirement plans, many people think first about the investment markets, the future of Social Security and what Congress will do about taxes. They can’t influence any of