The Nov. 5 election is now history, and the nation and the financial services industry is looking ahead to see what a new administration and a new Congress will do after taking office in January.
The financial sector under the incoming Trump administration is taking shape.
An advisor is forming a coalition of professionals to support underserved groups and said he was inspired to do so by the Nov. 5 election results and concerns from clients about what policy changes a new administration and a new Congress could mean for them.
Social Security will not likely be on the new president's agenda, analysts agreed.
The post-election period provides advisors to engage in a discussion with their clients on financial issues that are impacted by the election and issues that are not.
While we should take the president-elect at his word and trust that he will do everything he can to ensure promises made will be promises kept, there are known unknowns.
Strong economic growth, moderating inflation, declining interest rates and easing monetary policy is leading to robust returns, Morningstar strategists said.
Health care is among the issues to be addressed during Trump’s second term, and although some of these issues will require congressional approval, the incoming president could make a number of changes through regulation or executive order.
WASHINGTON- The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the oncehigh inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week. The Fed had kept its rate that high for more than a year to fight the worst inflation streak in four decades.
With any move by the Federal Reserve to cut interest rates Thursday on the heels of Donald Trump's election win, Connecticut's real estate market could get a needed booster shot. Sustaining any such gains could hinge on Trump's promise to improve U.S. home affordability and development, but details were scant during his campaign for the White House.
Health care has not been one of the central issues in the upcoming presidential and congressional elections. But Democratic presidential nominee Kamala Harris has campaigned on health-related issues more than her Republican opponent, Donald Trump, has.
The Biden administration proposed new rules that would, for the first time, require most group health plans and health insurance issuers to cover over-the-counter contraceptives without cost sharing or requiring a prescription.
Congress will fix Social Security — eventually, a panel agreed Wednesday at an American Academy of Actuaries event. Raising the taxable minimum might be the answer.