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Wall Street to Your Street
Fed hikes rates for second time this year
June 16, 2017 | Mark Simenstad, Vice President and Head of Fixed Income Funds
The Federal Reserve Board (Fed) voted Wednesday to raise rates for the third time in the past seven months, following an eight-year stretch during which the Fed adjusted rates only once.
Understanding the budget debate part 1: controlling the national debt
June 15, 2017 | Russ Swansen, Chief Investment Officer
There is a simple reason very few Americans understand exactly where their taxes go: It's complicated; there are a lot of moving parts. But understanding the basics of how money flows from your wallet to the thousands of initiatives funded by the federal government is the first step in recognizing the enormous challenge Congress faces in trying to reverse the current national debt, which is now at about $19 trillion and growing.
Unemployment dips to 16-year low as job growth hits 80 straight months
June 6, 2017 | Russ Swansen, Chief Investment Officer
The U.S. economy added 138,000 new nonfarm jobs in May, driving the unemployment rate down to 4.3% – the lowest rate since May 2001 – according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued June 2.
May market recap: What's keeping the stock market stable?
June 5, 2017 | Gene Walden, Senior Finance Editor
Even as controversy swirls in Washington, the stock market has remained rock solid through the first five months of 2017 – experiencing the steadiest performance to start a year in more than four decades.
Wall Street to Your Street: