The market rallied yesterday after the Fed minutes were announced and they indicated they’d still be raising rates for likely the next two meetings. You read that correctly. Apparently, rate hikes were GOOD for the market yesterday? Investors are weird! You can know what the headline is going to be and still guess wrong how people will react to it.
Here’s what I’ve been reading this morning:
‘Fed Minutes Show Urgency for Raising Rates to Tame Inflation’ – Nick Timiraos – The Wall Street Journal
- As mentioned above, we got the latest Fed minutes yesterday and the market rallied following the announcement. It appears that there will be rate hikes of 50 basis points in both June and July and this article discusses just that.
‘Struggling to Pay Bills in Retirement? These Resources Can Help’ – Annie Nova – CNBC
- It would be wonderful if every single American who retired had a well thought out retirement income plan, but that’s not the case. This article talks about a few resources that can help some people make ends meet in retirement.
‘Here are the First Financial Steps to Make After Losing a Spouse’ – Annie Nova – CNBC
- A double-whammy from Annie today! Losing a spouse has to be one of the most difficult things imaginable, and money is likely the furthest thing from your mind. However, when you’re ready, this article discusses the first few steps to take after suffering the loss of a spouse.
‘That Losing Feeling’ – Richard Connor – Humble Dollar
- Loss aversion – it’s incredibly powerful. It’s well-known in the finance industry that losing money feels worse than making money feels good. This article from Richard discusses his own personal struggle with it recently.