BofA Says Equity Rally Faces Inflation Reckoning
Next week’s US inflation data will mark a turning point for the equity rally at a time when investors are swapping stocks for bonds.
Fed-Funds Call at 8% Vaults One Strategist Past the 6% Pack
Traders wagering this week on the Federal Reserve lifting its benchmark interest rate to 6% are still aiming way too low.
Credit Suisse Suffers Worst Loss Since 2008 Financial Crisis
Credit Suisse has suffered its biggest annual loss since the 2008 financial crisis and scrapped bonuses for its top executives.
Inflation is Taking a Toll on America’s 401ks and Retirement Plans
Nearly 2/3rd of Americans report living paycheck-to-paycheck as of December 2022. Those who say have no money left nearly back to pre-pandemic levels.
Adding Annuities Still a Concern for Plan Sponsors
There has been a push to add annuities to retirement plans, but I don’t see it gaining ground.