Coley Neel, CFA

529 Plans are high powered college savings vehicles that got even more juiced from Secure 2.0. Watch this Fast 5 with Nick Schuessler, CFP®and myself where we discuss the Roth rollover rule and other benefits of 529s! #compoundinggrowth #flexibility #collegesavings #stocks #bonds #markets #inflation https://lnkd.in/dJKBVFfm

10

Michael Kastner touches on all things FOMC in this weeks Halyard Asset Management, LLC's Weekly Wrap Bond market reads data as dovish, FOMC projects higher for longer The consumer price index (#CPI) for May was released Wednesday, the morning of the #FOMC meeting. The one-month change to the index was 0.0% and the headline year-over-year index rose 3.3%, a 0.1% improvement over last month’s reading. Investors interpreted the change as a big step in the right direction and rallied stocks and bonds, pushing the yield curve down to recent lows and the S&P 500 to a fresh all-time high. The FOMC meeting was widely expected to be inconsequential, with no expectation that the committee would lower the overnight rate. We mentioned in last week’s “Wrap” that there was a chance that the committee could adjust the “dot-plot,” their expected path of interest rates for the near future, to reflect only one rate cut this year. That’s exactly what they did, and they amended the forecast for 2025, now expecting 100 basis points of rate cuts versus the 75 they were previously forecasting. Interestingly, the official statement this month referred to the progress in reducing inflation as “modest,” compared to last month, where they referred to it as a “lack of further progress.” At the post-meeting press conference Chairman Powell struck a decidedly confident tone, noting the economic growth has eased from the robust pace experienced in 2023 to a more moderate, healthy pace currently. Moreover, when questioned about the need to cur rates at all, he responded with unusual candor, saying “We think policy is restrictive.” The University of Michigan released their preliminary survey results this morning and the news was not good. The current conditions index plunged to 62.5 from the 72.0 recorded at the last survey. That’s an enormous move to the downside and a harbinger of slowing economic growth. The 1-year inflation expectation came in at 3.3%, the same rate recorded last month. For the week, the two-year note closed 18 basis points lower, closing at 4.69%, a positive return for holders but still well above the 4.15% touched in January. Next week Retail Sales for May will be released on Tuesday with housing starts and existing home sales being released on Thursday and Friday, respectively.

2

Managing personal finances can be costly — both financially and emotionally. Our Plante Moran Wealth Management team shares 5 reasons to consider working with a professional financial advisor to help you reach your financial goals. Read here. #wealthmanagement #financialadvisor #financialplanning https://bit.ly/3UH8AoL

2

Markets turned in a blockbuster performance in the first half of 2024 - but can we expect volatility ahead? Check out this month’s quarterly financial update.

1

A study provides insights into the retirement literacy of older Americans. Understanding these trends can help sponsors design more effective strategies. #RetirementPlanning Important disclosures: https://bit.ly/2JzEDWl .

1

While the Fed kept interest rates steady at its July meeting in ongoing efforts to lower inflation, consensus expectations are for rate cuts starting in September, with possibly more cuts to come before the end of the year.

3

Congress passed SECURE 2.0, a new set of retirement rules to make saving and accessing funds for retirement easier. Check out the major provisions of the law.

2

Hear more from Thrivent Asset Management on rate cuts, inflation and what to do with stocks and bonds in the second quarter.

1

The market truly rallied this week thanks to great earnings! Sure, there will be continued volatility but the Bull and his partners expect this upward trend to continue which we explain in the latest edition of The Lonely Bull! #stocks #stockmarket #stockmarketupdate #stockmarketnews #finance #financialadvice #financialadvisor #financialadviser #financialnews #investing #investments #investingnews #investmentadvice #investmentadvisor #wealthadvisor #wealthmanagement #lonelybull

10

While the Fed kept interest rates steady at its July meeting in ongoing efforts to lower inflation, consensus expectations are for rate cuts starting in September, with possibly more cuts to come before the end of the year.

1

While the Fed kept interest rates steady at its July meeting in ongoing efforts to lower inflation, consensus expectations are for rate cuts starting in September, with possibly more cuts to come before the end of the year.

1

In this week's #stockmarket update, Hennion & Walsh highlights U.S. #inflation data and how it may have influenced the #FederalReserve forecasts for #interestrates over the next couple of years. https://ow.ly/xNOr50Sk2FS

6

The full fixed income universe is (finally) back in play. Make sure your clients are invested in the right areas to help reach their goals–this shareable insight can help.

1

In one of the more consequential and highly anticipated days in recent memory with both a FOMC meeting and CPI reading, the S&P 500 pushed to new highs as inflation was "softer-than-expected". Read more in the Weekly Market Guide.

1

In one of the more consequential and highly anticipated days in recent memory with both a FOMC meeting and CPI reading, the S&P 500 pushed to new highs as inflation was "softer-than-expected". Read more in the Weekly Market Guide.

1

Encouraging insights from those who have keep up with the right Trends in our Market at ITR Economics. This is why FocusCFO® utilizes this data to help business owners be prepared! #Marketwatch

3