Wealth Management

The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected. However, the move also dashes hopes that the Fed will be able to start cutting rates soon and relieve consumers from sky-high borrowing costs. The market is now pricing in one rate cut later in the year, according to the CME’s
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Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable — many are what’s known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the ALICE category — Asset Limited, Income Constrained, Employed — according to United Way’s United For ALICE program, which first coined the term to
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Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. The so-called “fiduciary” rule, issued April 23, aims to raise the legal bar for brokers, financial advisors, insurance
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