A key U.S. inflation report looms over Wall Street. How to trade it
The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. The S & P equal weight index has outperformed the market cap-weighted S & P 500 since Nov. 5. On top of that, more than 100 S & P companies hit new highs on Monday. […]
How to make high interest rates work in your favor
That’s not good news for people borrowing money, but it’s a great time to have savings accounts, says Ted Rossman, chief credit card analyst at Bankrate. “The biggest benefit is for savers,” Rossman says. “You can still get over 5% on a totally liquid totally federally insured savings account. The top one-year certificates of deposit […]
How to prepare for shifting interest rates: 3 financial strategies
Shoppers walk with items during Black Friday deals at a Target store in Westbury, New York, U.S., November 24, 2023. Shannon Stapleton | Reuters After more than a year of dealing with rapid inflation, consumers have become numb to higher prices. But as inflation cools, experts say there are strategies that can help you weather current conditions […]