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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