We're heading into the final weekend of summer! (Fall officially begins next Thursday.) Here's our latest Roundup of interesting articles related to investing, personal finance, and stewardship. Enjoy!
- Inflation report keeps Fed on aggressive rate-rise path (Wall Street Journal). Some analysts think the Fed might raise rates a full 1% next week.
- Markets are waking up to the notion that inflation hasn't peaked (MarketWatch). More investors appear to be bracing for the possibility of a "hard landing" for the U.S. economy.
- Atlanta Fed drops 3Q GDP estimate to just +0.5% (Federal Reserve Bank of Atlanta). A week ago, the Atlanta Fed's "GDPNow" model was forecasting +1.3% growth in the third quarter. (Related graphs and tables are here in PDF.)
- How to earn bond-like returns without the risk of drawdowns (Charlie Bilello, Compound Capital Advisors). Bank CDs are cumbersome and have downsides, but at times they can be attractive relative to other options.
- Schwab study sees growing ETF demand (ETF.com). Millennial ETF investors have 41% of their portfolios invested in exchange-traded funds, compared with 19% for Boomer ETF investors.(The full Schwab study is here in PDF).
- Wall Street's prediction on the direction of the stock market is often wrong — way wrong (Mark Hulbert, MarketWatch). Humility is a virtue.
- Deadlines for using up Flexible Spending Accounts return (New York Times). Use-it-or-lose-it rules for FSAs were relaxed during the pandemic. Now they're back.
- How the top financial habits of 'super savers' can help you 'build the most wealth' (CNBC). Common attributes: Super savers pay their credit cards in full each month, make robust contributions to retirement accounts, and aren't concerned with "keeping up with the Joneses."
- Loveless giving (Leo Sabo, Christian Stewardship Network). "Feeling like you have to give because the Bible says so can easily lead to the wrong kind of giving."
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