Daily Reads 2/1/19
Happy Friday! Included today are some great reads on the effects of the US Jobs report, Federal Reserve decision, the latest on US-China trade talks, along with 2018 tax return tips.
INVESTING & THE ECONOMY
Payrolls surged in January despite the long standing government shutdown. Despite predictions of slower economic growth for 2019, stock futures and treasury yields rose in response to this promising jobs report.
story/5-things-consumers- should-watch-for-now-that-the- fed-has-not-raised-rates-2019- 01-30
On Wednesday, Federal Reserve Chairman Jerome Powell revealed that he would leave interest rates unchanged for now. For 2019, consumers can expect that mortgage rates will remain lower and if prices continue to rise, the Fed will raise rates in the future in order to fight inflation.
news/articles/2019-01-31/ mnuchin-lighthizer-to-travel- to-china-after-trade-talk- progress?srnd=premium
After the last round of trade talks, China promised that it would purchase more goods from the US in the agriculture, energy, and industrials industries. As a result, this has boosted American outlook on the economy and could have a positive affect on the markets.
31/these-red-flags-on-your- 2018-tax-return-may-spark- interest-from-the-irs.html
Today is February 1, which means that tax return season is upon us. Here are some tips to avoid scrutiny from the IRS on your 2018 tax returns.
If you want to increase your wealth, consider living in a home that is easily affordable. Splurging on that home worth 3 times your income will not necessarily make you wealthier.
money/blogs/my-money/articles/ 10-financial-moves-to-make- when-interest-rates-rise
If interest rates do later in the year, here are some financial moves to make in response in order to improve your financial health.