Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Chief Warns of Lasting Economic Damage, Pushes More Fiscal Stimulus
By Bernice NapachChairman Jerome Powell says Congress should act, noting that Fed policy has its limitations.
May 13, 2020
Another Stimulus Package Will Get Done: Political StrategistsThere's consensus that another bill is needed, "just not Pelosi's mammoth package," Valliere said.
May 13, 2020
Rep. Brady: Dems' New Stimulus Plan a 'Recipe for a Prolonged Recession'"I don't know if there will be a fifth emergency aid bill," Brady said. But he discussed plans to boost retirement savings.
May 12, 2020
Record Low Student Loan Rates Expected in the FallRates for undergraduate, graduate and PLUS loans are expected to drop 178 basis points.
May 12, 2020
Jeremy Siegel: Congress May Compromise on State COVID-19 AidIt is a "delicate question about funds to states and cities," Siegel said.
May 12, 2020
House Democrats Unveil $3 Trillion Aid Bill With Cash for StatesThe bill includes more cash payments and tax changes; Republicans signaled that they're in no rush.
May 12, 2020
Target Date Funds Hammered by Q1 Market Turbulence: MorningstarAssets in target date strategies fell by 17% from the fourth quarter.
May 12, 2020
IRS: 6 Reasons a Stimulus Check Could Be Less Than ExpectedIf your clients are disappointed with their Economic Impact Payment, they may fall into one of these categories.