How should investors interpret this market rally? Is it a rally in the midst of a bear market, or the end of a corrective phase and start of a leg higher? Schwab’s Liz Ann Sonders advises investors on how to navigate through these sharp gains. The Federal Reserve is aiming for 2% inflation. Fed Governor Lael Brainard revealed Tuesday how they plan to achieve their goal, including interest rate hikes. This tax season, you may be playing the “audit lottery”. There are five key reasons your return may be flagged by the IRS. Kate Dore, CFP®, explains how to avoid an audit.
No Quarter (For Consistency) — Over the past month, stocks have rallied sharply, coming close to erasing their year-to-date losses. Attempting to guess the short-term moves of the market is always treacherous, so Schwab’s Liz Ann Sonders sticks with what we know to assess the health of the rally. Read more…
Fed’s Balance Sheet Runoff Will Be Rapid, Brainard Says — The U.S economy has considerable momentum and the labor market is strong, with unemployment now at 3.6%, just a hair above its pre-pandemic level. The Federal Reserve is has raised interest rates for the first time in three years, and is prepared to tighten monetary policy further as they aim for 2% inflation. Read more…
These Are The Top Reasons Your Tax Return May Be Flagged By The IRS — If you’re among the millions of Americans scrambling to meet the tax deadline, it’s critical to avoid errors that may flag your return or even trigger an IRS audit. Here are the five key areas that can draw increased attention to your return. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller