Fed Cuts Rates Federal Reserve Approves Quarter Point Rate Cut On September 17, the Federal Reserve approved the first rate cut of 2025. Stocks initially moved higher from the news, but later reversed. The cut comes after a jobs report that suggested a weakening labor market . Jobs growth has slowed sharply in the last few months, and the rate cut indicates that “concerns about a slowing labor market now outweigh ongoing worries about inflation.” (NBC) It is expected that the

By Michael J. Bennicelli, II, CFA Maybe it’s because the algorithms know that I work in the financial services industry, but lately I’ve noticed my social media feeds littered with videos about the “average net worth by age." Watching these, I’m sure of a few things: 1) the numbers can be inaccurate or purposely misleading, 2) the posts are designed for likes and shares, so the “data” is either presented to make me feel better, or worse about myself, and 3) someone is probabl

Trump's Big Beautiful Bill Signed Into Law On July 4th, 2025, President Trump’s “Big Beautiful Bill” was officially signed into law. This controversial piece of legislation touts big ticket items such as boosts to defense spending and cuts to programs like Medicaid and Snap. However, there are other, less flashy areas of the Bill that could have an impact on you and your financial goals. Some of the most notable points include senior deductions, state and local tax deductions