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.
If 2020 was the “Year of the Pandemic”, 2021 definitely represented the “Year of the Recovery.”
It is finally here. Our opportunity to turn the page on a year which can be described by a plethora of adjectives: challenging, chaotic, depressing, divisive. There are probably a few R-rated ones that come to mind as well... For many, it will be a year to forget...
Five months into life with Covid-19, everyone is reminiscing about how good we had it in the salad days before the virus...
The first few months of 2020 have left everyone looking for the reset button. Can we start over, please?
Waking up Monday morning was hard enough after switching to Daylight Savings time. Then to see the Dow Jones Industrial Average down over 2,000 points, or 7.78%, was certainly a punch in the gut.