Personal income and consumption: Impact on retirement planning

By: Core price inflation has stalled for the past three months at 2.6 percent. How will this impact retirees and those saving for retirement?Robert ‘Bob’ Powell, and Mitlin Financial founder and wealth advisor Lawrence Sprung break down the most recent Personal Consumption Expenditures Price Index (PCE) report, including a note from First Trust Chief Economist…

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Fed’s Favored Price Gauge Seen Substantiating Rate Cut

By: (Bloomberg) — The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong.Economists see the personal consumption expenditures price index rising just 0.1% in August for the second time in three months. The…

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Today’s 30-year mortgage interest rates remain unchanged at 5.990%, while rates for 15-year terms rise to 5.125%

By: The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 19, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.125%, which is 0.135 percentage points higher than yesterday.The Federal Reserve lowered the federal funds rate for the first time in over four…

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