Daily Reads 7/11/2019
Hi, everyone. For this Thursday we look at Fed Chairmen Powell’s recent testimony regarding global weakness in the economic outlook, and how this has impacted Treasury yields. In contrast, we look at the positive gains with the S&P 500 hitting a record high at 3,000. And for the freelancers working in the gig economy, we read about the Solo 401(k), and how this could benefit you on your path to saving for retirement. Troubling news from D.C. Attorney General about reports of hidden hotel fees has resulted in a lawsuit being brought against Mariott. And when it comes to credit card debt, be aware that many debt holders are paying 18% more.
In his first day of testimony before Congress on Wednesday, the head of the U.S. central bank pointed to “broad” global weakness that was clouding the U.S. economic outlook.
Stocks reached record highs Wednesday after testimony from Federal Reserve Chair Jerome Powell bolstered the case for easier monetary policy in the U.S.
Millions of U.S. workers rely on employer-sponsored 401(k)s to save for retirement. But what about freelancers, sole proprietors and workers in the mushrooming gig economy, or people who want to leave the corporate cocoon and strike out on their own?