Investment Updates
A Financial And Tax Planning Strategy For This Week's Stock Market Plunge
Published Friday, September 23, 2022 at: 8:06 PM EDT
Here’s an update on this week’s financial economic news, informed by financial and tax planning and a perspective suited to investors seeking to build a retirement income portfolio or building a legacy for the next generation.
The U.S. Index of Leading Economic Indicators (LEI) declined for the sixth consecutive month, and economists at The Conference Board, who compile the data on the 10 indexes that comprise the LEI every month, for the first time in about 15 years projected a recession in the coming quarters. The Board of Governors of the Federal Reserve System voted unanimously Thursday to approve a three-quarter of 1% increase in the rate at which it lends money to the nation’s largest banks to 3.25%. The Fed funds rate hike was widely expected, but the Standard & Poor’s 500 declined nonetheless as the bear market plunge sent some investors to the sidelines.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
©2022 Advisor Products Inc. All Rights Reserved.
More articles
- Having Trouble Tuning Out The Bad Financial Economic News?
- A Key Signal Of Strength At A Pivotal Moment In Economic History
- Despite Strong Jobs Report, Stocks Declined Last Week
- The Fed Risks A Recession To End Inflation, As Expected
- Stocks Snap Four-Week Win Streak
- Stocks Have Soared Lately, But What Should You Expect Near And Long-Term?
- Investing In An Economy Beset By Multiple Anomalies
- Despite Bad Economic News, Stocks Rose 4% In The Week Ended July 29, 2022
- Amid Bad Data Releases, Leading Economists Predict No Recession
- Good News: Real Retail Sales Dropped Fractionally In The Past Year
- Financial Economic News Analysis
- The Good News Is All This Bad News
- Four Signs A Recession Could Be Short And Shallow
- Odds Of A Soft Landing Shrunk After Friday's News
- Bad Inflation Surprise Sends Stocks Down Sharply