The volatility continues! The Fed announcement days this year have certainly been the cause of a lot of back and forth in the markets, and yesterday was no exception. While the market doesn’t like interest rate rises in the short-term, letting inflation run wild would be detrimental to everyone in the long-term.
Here’s what I’ve been reading this morning:
‘A Very Tough Year’ – Michael Batnick – The Irrelevant Investor
- As Michael puts it, the market hasn’t liked much of any of what it’s heard this year. The S&P 500 has had more down days of more than 1% than any year going back to 1990 besides 2002 and 2008. He writes about the very tough year we’ve been living through.
‘What Another Major Rate Hike by the Federal Reserve Means to You’ – Jessica Dickler – CNBC
- Interest rates continue to rise. Yesterday the Fed raised rates once again by 75 basis points. While the story remains mainly the same regarding rates, this article outlines what this particular hike means for you.
‘Get Rich Slow’ – Logan Murray – Humble Dollar
- This article outlines how early in life it can be fun to learn about investing and ways to get rich quickly, but the author discusses rules he’s put in place to slow things down a bit. Getting rich slowly seems to be a more sustainable way to do things.
‘62% of Employees Cut Back on Savings Amid Concerns About the Economy’ – Lorie Konish – CNBC
- As a CFP professional, this headline seems counterintuitive. If you’re concerned about the economy, I’d think you would want to save MORE to withstand a recession or prolonged downturn. However, this article discusses why a majority of folks surveyed have actually cut back on their savings.