December 4, 2022

Financial markets have reacted in shock to the Federal Reserve’s strong pledge to continue tightening monetary policy to fight high inflation. According to Freddie Mac, the S&P 500 is down 10.5% over the past month and the average interest rate on 30-year mortgage loans has risen from 6.02% to 6.29% in just one week. A year ago, the average rate of 30-year loans was 2.88%.

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Federal Reserve Chairman Jerome Powell said this week that fighting inflation would be painful and he did not know that tighter monetary policy would lead to a recession.

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But what does all this mean to you? Andrew Keshner has advice on how to prepare yourself for higher interest rates.

Beth Pinsker explains how inflation and a potential recession can affect you as an individual.

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Alessandra Malito has tips on what retirees and near-retirees should do during periods of economic turmoil.

Accommodation has already been changed

Home prices in San Francisco dropped by 3.4% during August.

Andy Konieczny –

Freddie Mac provides startling statistics about the mortgage loan market, outlining the brunt of countering forces as potential home sellers and buyers are forced out of the market.

One sign of the dramatic turnaround is that in August, home prices fell by their biggest since 2011.

The downturn in the home financing market has been particularly hard for non-bank mortgage lenders, which began laying off employees months ago. Aarti Swaminathan interviews Rocket RKT,
CEO Jay Farner, who described the steps being taken to keep the company afloat.

See also  These money and investing tips can help your portfolio sail through December
don’t sell in a falling market

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Conventional wisdom is that rising interest rates are bad for stocks because bonds become more attractive as yields rise. Based on decades of market data, Mark Hulbert shows why this reasonable assumption has been proven wrong for long-term investors.

Other Hulbert Movies & TV Shows If the market passes this test, the stock will be ready to go higher

The case for energy stocks

Oil prices fell dramatically on Friday, accelerating a return to West Texas Intermediate crude CL.1,
From its 2022 intraday peak front-month contract price of $130.50 on March 7 to just under $80 a barrel. Despite that decline, earnings projections for the energy sector are rising. That and other factors outline what makes an energy stock a good case if you’re a long-term investor.

Another set of stocks for the changing US economy

Rockwell Automation could benefit as companies increase manufacturing capacity in the US

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The various shortages during the coronavirus pandemic have highlighted the need for various industries to burnish their supply chains. Michael Brush lists 17 stocks of companies that could benefit from the reshoring trend.

65. Financial considerations for people who continue to work after

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There’s one obvious benefit to postponing retirement — you keep getting paid. But there may be other financial consequences. Here’s how working after age 65 can affect Medicare and Social Security.

Tip or don’t tip… or how much to tip

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Quentin Fottrell – The Manifest – helps a couple who disagree about how much they should tip their housekeeper.

Italian elections and money

Here’s how concerns over controversial elections in Italy could affect financial markets.

More information about Europe: Pound and Euro fall as dollar index reaches highest level since mid-2002

life after retirement

Roger Federer announced his retirement from tennis, but post-retirement work was already ready.

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When famous athletes retire from their sport, they often have new career plans. Here’s how you can prepare for your retirement, stay sharp and be prepared if you decide to go back to work.

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