The first is the federal funds target rate, which is the rate the Federal Reserve and Jay Powell set. The key word there is "typically," because over the last month, that rate has dropped from 7.16% to 6.4%, according to the Mortgage Bankers Association. "It depends on what the market outlook for the future of the economy at large is," said Karan Kaul, who researches housing…

COLUMBUS, Ga.– Two Columbus investors fell victim to a national fraud scheme that defrauded them more than $369,000, according to the United States Attorney's Office for Middle District of Georgia. Today, the Securities and Exchange Commission charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, 29, with fraudulently…

DES MOINES— Small and midsized businesses and employees alike are anticipating a recession, but most businesses are not preparing to reduce employee salaries, according to a national survey from Des Moines- based Principal Financial Group. The survey polled 500 business owners or leaders at companies with 2-10,000 employees and 200 full-time employees in…

All but the wealthiest retirees or those with minimal spending needs require a strategy that will increase the likelihood of their nest egg outliving them. In general, every retiree wants a comfortable lifestyle and no worries about running out of money. Recent indications from the Federal Reserve suggest interest rates that are now in the 3-4% range will…

–Investors are feeling increased pressure on their financial and retirement plans in today's turbulent economic environment, according to Nationwide's eighth annual Advisor Authority survey, powered by the Nationwide Retirement Institute. "As the holiday season approaches, it may be best to take a break from obsessively checking retirement balances,"…

Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation. The S&P 500 ended 0.1% lower after having been down as much as 1.2% earlier in the day. That fed expectations for the Federal Reserve to…

The woke firm run by woke CEO Larry Fink is finally facing some much-needed fire. That makes Fink the guy who holds the fate of $10 trillion worth of investments in his hand— and the guy the governments of the world, including in America, as well as the financiers and bankers of the world, including the Federal Reserve, go to for just about all money-making decisions.

All but the wealthiest retirees or those with minimal spending needs require a strategy that will increase the likelihood of their nest egg outliving them. In general, every retiree wants a comfortable lifestyle and no worries about running out of money. Recent indications from the Federal Reserve suggest interest rates that are now in the 3-4% range will…

In a recent survey from Ameriprise Financial, more than three out of four Americans said they have taken at least one step to build generational wealth, but what exactly constitutes "generational wealth"— and how can you achieve it? The most common answer, according to survey respondents, is wealth in excess of $500,000 that's passed down to loved ones.

Nov. 30— ROCHESTER— A Wisconsin real estate investor, who often buys and sells multi-million dollar properties in the Rochester area, is facing three federal charges of bank fraud. On Nov. 17, Matthew Thomas Onofrio, 31, was indicted by a grand jury and charged by the U.S. Attorney's Office with three counts of bank fraud involving Minnesota properties in St. Cloud,…

A: For 2023, the annual gift-tax exclusion will increase from $16,000 to $17,000. The lifetime estate exclusion will be $12.12 million for individuals and $24.24 million for couples. A: The standard deduction for 2022 is $12,950 and $25,900.

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The Labor Department approved the rule last week, just two days before the Thanksgiving break. Labor Department officials said the Trump administration rules“ unnecessarily restrained” fiduciaries’ ability to weigh ESG factors when choosing 401 investments. “A final rule is necessary to reverse the rule’ s chilling effect on the integration of ESG factors…

The central economic debate in the United States right now is how aggressive the Federal Reserve should be in its effort to reduce inflation. Few economists are arguing against the need for higher interest rates to reduce demand, but there are tradeoffs, at least in the near term. Also, there's a question of where to stop: Even some economists who have been…

The Treasury secretary praised banking regulators for having been careful when it came to cryptocurrencies. U.S. job openings dropped in October but remained high, a sign that businesses became slightly less desperate for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in…