Weekly Round Up of Articles

Weekly Round Up of Articles

April 19, 2024

Hope everyone had a wonderful week. As a reminder we have added a new regulatory compliant way for you to communicate with us through text messaging.  If you would like to send us a text message please use the following number: (515) 200-2698.  For regulatory purposes this is the only number we can send and receive text messages from.  Please add (515) 200-2698 to your list of trusted contacts. 

On Capital Hill, Congress is working on Foreign Aid Bills before leaving for recess.  The House has passed their package of Tax Legislation to address the tax cuts that are set to expire at the end of 2025.  Currently the bill is bogged down in the Senate with some legislators requesting changes to the House Bill.  It is unknown if the Senate will pass their own Tax Legislation setting up a conference committee between the House and the Senate.  It is yet to be seen if this will be addressed prior to the upcoming election and the legislative calendar.        

With the hotter than expected inflationary data attention has turned to Fed Chairman Powell and other Fed Board Governors to when they announce the first rate cut or if they look to keep rates higher for longer.  the market is starting to adjust to the reality that a rate cut may not come till after the election if at all in 2024.  Fed Chairan Powell commented this week that the progress they have made on inflation has stalled.  The current probability of a June Rate Cut decreased to 16.4% and the probability of a rate cut in September is currently at 45.2%.  With economic data coming in stronger than expected and a rise in commodity prices the Fed believe the inflationary data is no longer seasonal an sticky.  You can track interest rate projections by visiting the following site: CME FedWatch Tool.  

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Articles:

Powell: Current rate policy could remain "as long as needed"

A 7-step plan for building your emergency savings

How working another year will affect your retirement readiness

Goldman Sachs: Women face retirement complications

Couples have common financial goals but need planning

These money missteps can affect baby boomers' finances

Social Security claiming strategies after divorce

IRS postpones RMD rule enforcement for inherited IRAs

Gifting strategies to consider during life

Planning ahead for potential incapacitation