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If you have a high schooler who has college aspirations, you’ll want to read this article. Planning college visits can feel overwhelming. You can use this step-by-step plan for what to do before, during and after each college visit.
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College visits can be overwhelming—but don’t stress! Here’s a step-by-step plan for what to do before, during and after each visit.
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Savings accounts that offer 5% interest are not common historically. The reason rates are so high right now is because of monetary policy decisions by the Federal Reserve to combat rising inflation. Between March 2022 and July 2023, the Fed raised the federal funds rate 11 times, causing deposit rates to skyrocket.
However, now that inflation is tempering, the Fed is no longer holding its benchmark rate high. In fact, it cut the federal funds rate by 50 basis points in September, and another rate cut is expected to happen before the end of the year. Additional rate cuts are likely in 2025 as well.
All of this means that 5% interest savings accounts are harder to come by and may not even exist by late 2025.
For those looking to maximize their savings, it might be wise to take advantage of current rates while they remain elevated.
SOURCE: Yahoo! Finance, Ivana Pino, 11/11/24.
The S&P 500 Index climbed to a record high after election results became more certain. The run-up in U.S. equities appears in part to be a relief rally, given a decisive election has lowered the level of political risk. As the market remains focused on potential tax cuts (both corporate and personal) and deregulation, we could see equities rally further.
Within equities, a few themes could emerge with a Republican sweep:
-- For banks and financials, weaker regulation and lower capital requirements should help earnings growth of these companies.
-- Aerospace/Defense should benefit from potential increases in spending driven by sustained geopolitical tensions.
-- Health care companies could be helped by proposed deregulation that promotes competition and efficiency. However, lower prices could affect profits and is one of the reasons that large cap pharmaceutical stocks have declined post the election outcome.
-- In oil and gas, domestic drilling and mining will be encouraged and deregulated but could result in a lower price per barrel.
-- Industrials may benefit from companies moving manufacturing back to American soil. Assuming tariffs are not onerous, various Japanese and European industrial firms that supply specialized chemicals and niche automation components are well positioned, based on this pro-cyclical stance.
-- Small-cap companies can be beneficiaries of a strong U.S. economy, the reshoring of supply chains and a potential cut in the corporate tax rate.
-- Multinational companies, especially those that trade with China, could face headwinds from tariffs.
SOURCE: Capital Group, Trump’s Victory Signals Major Policy Shifts Ahead, 11/07/24.
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