Does the Fed think recession is a fair price to pay to control inflation? Schwab’s asset management team surveys the markets’ current warning signs and offers investors advice • What does the Fed’s third major rate hike mean for you? Jessica Dickler of CNBC covers how the increase will affect your monthly expenses. • You don’t have to carry your children’s student debt. There are ways to help children and grandchildren without jeopardizing your financial future, as Tony Drake, CFP®, explains.
Stock Market Volatility: Recession Worries Mount — Investors are concerned the Fed now sees recession as an acceptable price to pay if it means bringing inflation back under control. Indeed, the central bank already projects unemployment to rise and economic growth to slow in the coming months. Separately, the Conference Board’s forward-looking Leading Economic Index (LEI) has declined for six straight months, which has historically signaled a recession in the near-term. Read more…
Here’s What The Fed’s Third Major Rate Hike Means For You — The Federal Reserve raised the target federal funds rate by 0.75 percentage points for the third time in a row, in an effort to cool down unrelenting inflation. Jessica Dickler covers the ways your monthly expenses will be affected by the increased cost of credit. Read more…
3 Key Ways You Can Help A Child Or Grandchild Pay For College — You shouldn’t jeopardize your financial future by entering retirement with their student loan debt. Options such as 529 plans, education savings accounts and tax-free gifts can ensure you don’t carry a child’s student loan debt into your golden years. Read more…
John R. Day, Bill Ennis, and Matt Heller