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The Fed is already too late to cut interest rates and now a crisis is brewing, strategist says

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The Fed is already too late to cut interest rates and now a crisis is brewing, strategist says

Jim Thorne, Chief Market Strategist at Wellington-Altus, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity. ANDY MILLS (AM): The Federal Reserve has indicated that they will will … Read more

Democrats spotlight more than 1 million pension savings under a 2021 law

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Democrats spotlight more than 1 million pension savings under a 2021 law

WASHINGTON (AP) — Ace general elections close, Democrats are keen to remind union voters in Pennsylvania that pensions for many workers have been preserved as part of a coronavirus pandemic-era aid package that continues to deliver. As of Friday, the White House said, more than 1 million union workers and retirees’ pensions will have been … Read more