The first ten months of 2023 have been full of mixed signals, to say the least. A surprisingly resilient economy and excitement around emerging AI technologies have some analysts feeling optimistic. Others are concerned that the mounting risks associated with higher interest rates could lead to recession.
Good tax preparation should start well before your taxes are due. If you want to save the most money possible, it’s crucial to work with a financial advisor you trust who can help you implement every tax reduction strategy at your disposal.
When the Federal Reserve starts raising interest rates it usually means they’re trying to slow growth of the broader national economy. Each time they raise the interest rate it makes borrowing money more expensive for consumers, whether that’s a person or a firm or corporation. Why would the Federal Reserve ever want to slow down growth? At first blush, it seems counter-intuitive. The answer, in this case, is to combat inflation.