Wage Gains are Coming
Wage Gains are Coming

The U.S. economy is experiencing “a particularly bright moment,” according to Federal Reserve Chairman Jerome Powell, which is why Fed officials increased interest rates by a quarter of a percentage point to a new range of 2 to 2.25 percent and are likely to hike one more time by the end of the year. The strength is likely to persist into next year. According to the central bank’s “dot plot,” which is intended to forecast future actions, there will be four rate hikes by the end of 2019.

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BlogMark TalercioJill Schlesinger, Jill on Money, Jerome Powell, Federal Reserve, Fed, wage growth, China, tariff, tariffs
Financial Planning for All
Financial Planning for All

Are you celebrating the upcoming World Financial Planning Day by creating a financial plan? I’m guessing that the answer is no, because according to the 2018 Charles Schwab Modern Wealth Index, about a quarter of Americans have a written financial plan. That’s too bad because having one “can lead to better daily money behaviors.”

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BlogMark TalercioJill on Money, Jill Schlesinger, CPA, CFP, retire, retirement, retirement plan, Vanguard, Betterment, Schwab, Wealthfront
Stock Investors Brush Off Tariffs
Stock Investors Brush Off Tariffs

After the Trump Administration announced that it would impose 10 percent tariffs on another $200 billion worth of Chinese goods, starting Monday September 24 – and then the Chinese said they would retaliate with 5-10 percent tariffs on $60 billion of U.S. goods, the stock market rallied…and then kept on going up, throughout the week. The proximate rationale for the bump was that tariff levels were lower than expected and on the U.S. side, excluded a number of consumer-friendly goods, like iPhones, smart watches and sneakers.

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BlogMark TalercioJill Schlesinger, Jill on Money, Trump, China, trade war, trade wars, tariff, tariffs, economy, economics, Chinese