Yesterday five U.S. agencies issued the Volcher rule. Their actions will reshape the way financial institutions manage risk and conduct their operations. What does the rule mean for investors? Bloomberg offers an analysis. As the unemployment figures continue to drop, speculation is rising that the Federal Reserve will scale back its bond-buying program. Jeanna Smialek covers the story and the economists’ current forecasts. This time of year can put pressures on family budgets. Our final article offers tips on how to budget, not just at Christmas, but during the rest of the year.
Volcker Rule Is Approved By U.S. Regulators– The Volcher rule, issued yesterday, bars banks from speculating with their own money. This should reduce bank risks similar to what was experienced during the financial crisis.
Fed Expected To Scale Back Bond-Buying Based On Jobless Drop– The U.S. unemployment rate fell to 7% in November, its lowest level in five years. The new numbers are fueling speculation that the Federal Reserve will start cutting back its bond-buying program as early as its next meeting, set for Dec. 17 and 18. The Labor Department said employers hired 203,000 workers last month, on the heels of 200,000 in October.
Budgeting Software Options– This Christmas season is a good time to think about controlling expenses and managing a budget. Researching budgeting software options can be overwhelming if you’re just getting started. This article summarizes your options and recommends Mint for starters. http://www.forbes.com/sites/moneywisewomen/2012/01/03/budgeting-software-options/
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller