Will high inflation become a self-perpetuating cycle? Fed Chair Jerome Powell recently discussed his concerns and his strategy, as reported in Kiplinger. You may qualify for tax credits under the Inflation Reduction Act. Kelly Taylor summarizes the extended credits on health insurance, electric vehicles, and clean energy. Not everyone needs life insurance. The common belief that everyone does is one of five insurance myths Erik Carter debunks for Forbes.
Fed Signals That More Interest Rate Hikes Are Coming — Federal Reserve Chairman Jerome Powell spoke with steely resolve of the Fed’s determination to continue to raise interest rates as long as it takes to beat inflation. As a result, another large, three-quarters-of-a-point interest rate hike is still a real possibility at the Fed’s next policy meeting on September 21. At least a half-point rate hike is guaranteed. Read more…
The Inflation Reduction Act And Taxes: What You Should Know — President Biden recently signed the Inflation Reduction Act of 2022. Proponents of the new law say that its various provisions for fighting climate change, supporting clean energy production, and raising tax revenue, will reduce the deficit and in turn, combat inflation. And some of the expanded tax credits in the legislation could benefit you. Read more…
5 Common Myths About Life Insurance Needs — If you don’t have enough life insurance, you could leave your family in a difficult financial predicament. On the other hand, you could end up wasting thousands of dollars on something you don’t really need if you buy too much. When determining how much life insurance to buy, there are some common myths to steer clear of. Read more…
John R. Day, Bill Ennis, and Matt Heller