Summers, Blanchard Spar Over Long-Run Level of Interest Rates
Former Treasury Secretary Lawrence Summers took the over while ex-International Monetary Fund chief economist Olivier Blanchard took the under.
Former Treasury Secretary Lawrence Summers took the over while ex-International Monetary Fund chief economist Olivier Blanchard took the under.
The Fed will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps.
Investors will be looking for confirmation that central bank is going to keep raising interest rates for next several meetings to fight inflation.
When inflation rises above normal levels, protecting 401(k) accounts from inflation becomes an increasing focus of 401(k) owners.
Historically, commodities have had a low correlation with equities and a negative correlation with bonds, making them effective diversifiers.
Gold has long been considered hedge against inflation but the recent price action is calling that into question given last week’s government reports.
Millennials are most likely to reduce insurance and retirement contributions due to inflation, but financial wellness can help with more generational