Federal Funds Target Rate

7 Reasons Not to Wait Until Thanksgiving to be Grateful

This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA You don’t have to wait for Thanksgiving to be grateful.  You can be grateful every day.  It’s your choice.  Life might not be going swimmingly well for you every day.  I get it.  I truly hope you didn’t expect it… Continue Reading: 7 Reasons Not to Wait Until Thanksgiving to be Grateful

Why The Fed Got Off its Assets and Raised Interest Rate

The Federal Open Market Committee (“FOMC”) raised the Federal Funds Target Rate by .25% from .50% to .75%.  The Federal Funds Target Rate is the interest rate charged to financial institutions for the trading they do with each other overnight. The last time they had raised rates was in December 2015 when the Fed had… Continue Reading: Why The Fed Got Off its Assets and Raised Interest Rate

The New Normal

The New Normal was a term to describe the financial conditions after The Great Recession of 2008-2009 by Mohamed El-Erian, currently the chief economic advisor at Allianz. The concept of the New Normal is that the economy would remain sluggish and take many years to recover. The Old Normal   The Old Normal for many… Continue Reading: The New Normal

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