Is the Federal Reserve about to make a policy mistake? Kansas City Fed President Esther George wants to put rate hikes on pause, as CNBC reports. The extreme volatility in the markets may have an upside, according to Schwab’s Liz Ann Sonders. She reviews the rally that’s followed the December market plunge. As tax season begins, the IRS tells taxpayers about scams and how to avoid them.
The Fed’s Esther George Indicates It’s Time For A Pause From Rate Hikes — The Kansas City Fed President says they will likely need to pause as they assess the economy’s direction and the impact of its previous policy moves. Read more…
Every Rose Has Its Thorn: Healthy Rally, But Risks Linger — Chief Investment Strategist Liz Ann Sonders of Schwab says, “At a recent client event I was asked about our ongoing view that volatility would remain elevated—specifically, whether the rally off the December 2018 low in U.S. stocks was an indication that our view might be wrong. As a reminder, heightened volatility does not only mean downside moves—it tends to mean sometimes-unpredictable and rapid shifts in direction.” Read more…
Tax Scams And Consumer Alerts From The IRS — Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals. As tax season approaches, the IRS offers warnings about how to avoid getting caught in a tax scam. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller