The American Rescue Plan brought us a third stimulus package, in the amount of $1400 each, including children up to age 17. The IRS has distributed more than $379 billion in payments since the bill passed in March. And yet, some polls show that the money won’t last more than three months for most households. [...]
With the coronavirus outbreak looming and trade with China volatile, you might be feeling a bit of tension right now. But like most storms, this one will pass as well. In the meantime, it is usually best to avoid drastic moves. Avoid the temptation to sell off assets or spend a lot of cash “prepping” [...]
For Mark Roberts' Use: With the death toll from the coronavirus outbreak now reaching nearly 3,000, public health officials are releasing a variety of warnings to help us prepare for the potential impact. But aside from washing your hands and eating a healthy diet to avoid infection, you might also be wondering about the financial [...]
For Mark Roberts' Use: First, the good news: As of June 2019, the US has enjoyed its longest period of economic growth ever. That’s certainly something to celebrate. While the past ten years have marked the longest period of expansion, they don’t represent the time of greatest expansion. In the early 1990s, a nearly ten-year [...]
We’ve enjoyed several years of economic recovery and upswing, but could another recession be looming on the horizon? Some experts seem to think so, although nothing is set in stone at this time. Recently, Duke University’s Fuqua School of Business surveyed CFOs on their opinions of a recession in the near future. Respondents predicted our [...]
Back in October 2018, the Conference Board Consumer Confidence Index reached its highest level since September 2000, even in the midst of a stock market slide and fears of inflation and rising interest rates. Another measure of consumer confidence, the Michigan Index of Consumer Sentiment, remained higher in 2018 than in any year this century. [...]
Back in December, the Fed established benchmark federal funds rates at 2.25 to 2.5 percent, and we’ve all been watching for (and trying to predict) news of any changes. Now, after the Federal Open Market Committee (FOMC) meeting on March 20, along with other news, we have an answer: It looks like the Fed won’t [...]
For Mark Roberts' Use: Last month, the Federal Reserve announced a rate hike. The benchmark federal funds rate was increased by 25 basis points, which translates to a 1.5 to 1.75 percent bump. To explain the rate hike, the Fed stated, “the labor market has continued to strengthen and that economic activity has been rising [...]
For Mark Roberts' Use: Evaluating the state of the economy involves many factors, with the unemployment rate being one of the most critical. In 2017 we received the good news that our nation's unemployment rate has dropped to just 4.4 percent... So let's break down what that means, and what it doesn't mean. The good [...]
For Mark Roberts' Use: Have you heard the good news? Our economy is doing quite well at the moment, as we enjoy the third-longest stretch of market expansions in US history. In fact, we’re only two years away from it becoming the longest one ever! In the stock market, the S&P is performing well, with the [...]