The Federal Reserve Open Market Committee (FOMC) left its target for interest rates unchanged at a range of 5.25% – 5.50%, their fifth unchanged decision. Both markets and Fed officials have ruled out the necessity of further tightening barring any tail risk to inflation. Even though policy rates have remained unchanged for about 9 months, the bias among policymakers has shifted toward cutting, as the math of monetary policy grows more restrictive each time inflation eases. What remains uncertain is the timing of any cuts. Whereas some participants had hinted at an immediate need, the early-2024 economic data have delayed the near-term prospects of rate cuts. In sum, they’re coming; we just don’t know when. Our first article from the Janney Investment Strategy Group details recent Fed Policy decisions and what we might expect in 2024 and 2025.
Many Gen Zers are at just the right age to start investing. And well-seasoned investor Warren Buffett, who has decades upon decades of investing prowess, knows what works best. Is what works best cutting -edge and exciting Not hardly. But if your goal is to get rich, why not take a page from one of the most successful investors of all time? Our second article warns Gen Z investors to remember this 'One Fact of Financial Life.'
This month's "What's Happening Now" section shares stories on why spending time in nature makes you a more authentic person, the 23 best places to travel in 2024, and home price growth being back at pre-pandemic levels.
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