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Federal Reserve Chair Jerome Powell's efforts to cool down the economy are causing progressive criticism to heat up. And those are the comments of just one senator, Elizabeth Warren of Massachusetts. The criticism of the Fed's interest-rate increases sometimes veers into demagoguery, just as did former President Donald Trump's attacks on Powell when the…

Risk-averse people, this is your moment in the spotlight. For roughly a decade, the same forces that plunged mortgage rates to record lows made no-risk savings earn next to nothing. But now the Federal Reserve has replaced its cheap money policies with sharp rate hikes.

During these times of economic uncertainty, as you battle inflation and a volatile, downward trending market, it's difficult to find any rays of sunshine. If you're in the process of purchasing a home, significantly increased mortgage rates will add a lot of money to your monthly payment. So even if you do find your dream house, that mortgage interest is blocking…

SHERIDAN— As the saying goes, time in the market beats timing the market. "I think the best way to invest is with a long view," said Jim Shellenberger, financial advisor for Frontier Asset Management in Sheridan. As the U.S. economy continues to contract, several Sheridan- based financial advisors said the best tactic may be to wait it out, but agree that there is no…

Despite the significant financial challenges brought on by the pandemic over the past two years, Americans who identify as BIPOC (Black, Indigenous, and People of Color, including Hispanic and Asian/Asian Americans) report receiving less professional assistance than they did a year ago, according to the 2022 Retirement Risk Readiness Study from Allianz Life.

Otherwise we'd all be perched on piles of money, counting our cash. Lucas Kraft of New Berlin is a certified financial planner, chartered alternative investment analyst and pro bono chair for the Financial Planning Association of Wisconsin, which is holding a free Financial Planning Day on Saturday, Oct. 8, at The Ridge Community Church in Greenfield.

By Elizabeth Ayoola of Nerdwallet. During my late teens, my mom handed me two worn, blue passport- size books with details of my custodial investment accounts. Preparation begins as early as possible when it comes to teaching your kids about money, says Cristina Livadary, a certified financial planner and co-founder of Mana Financial Life Design in Marina Del Rey,…

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession "by acting with resolve now," according to Chairman Jerome Powell. A century ago, the Federal Reserve created billions of dollars for the government to spend on World War I, then led us into a recession in 1920 with steep interest rate hikes in its attempt to cool off the…

The Federal Reserve raised interest rates Wednesday by 0.75 percentage points, the fifth rate hike this year in the central bank's crusade to tame inflation. Mr. Powell stressed that Americans are already suffering from rising prices, and low-income people have been hit the hardest. "I wish there were a painless way to do that," Mr. Powell said.

Stocks have slumped 21% this year. Keep two basic factors in mind: your age and your risk tolerance. The market could easily fall further as the Federal Reserve continues to raise interest rates to combat inflation.

The Federal Reserve's federal funds rate has made the news a lot this year and for a good reason. The Fed raised its rate five times since March 2022, the most increases in one calendar year since 2005. One of the Fed's roles as the U.S. central bank can be likened to driving the economy down a road at a steady pace.