A good practice for anyone covered by Medicare is to assess if your coverage is compatible with your needs. Contrary to conventional wisdom, choosing health insurance may not be a one-time decision for most Medicare enrollees. Plans change … and of course needs may change over time too.
Federal Reserve Chair Jerome Powell announced this week that the central bank will once again be purchasing U.S. Treasury securities, reversing the recent trend of allowing its balance sheet to shrink. Immediately, many market participants experienced déjà vu, recalling the first time this monetary policy tool was implemented in 2008.
The U.S. economy has been expanding for over 10 years, the longest economic expansion in U.S. history. When looking back, the bull run in stocks and the economic expansion may seem “easy” but there have been multiple periods of angst as we flirted with slow growth.
With the impeachment inquiry being announced this week, clients have been asking, “What does this mean for my investments?” The short answer: markets trade on economic fundamentals, not political headlines.
This week, the Federal Reserve made big news when it reduced the federal funds rate by 0.25 percent, its second cut this year. While any Fed action always dominates the headlines, the interest rate reduction was expected and fully priced into the market. Having raised federal funds a quarter point just last December, it has been a rather dramatic change of monetary policy in which the Fed has now cut rates twice this year.