September 25, 2019—Despite nearly a year and a half of simmering (and at times boiling) trade tensions, the U.S. economy has continued to grow, albeit at a slower pace compared to 2018. Much of the economy’s resilience has stemmed from the strength of consumer spending, which accounts for nearly 70% of GDP growth. Though businesses have pared back investment in the face of ongoing uncertainty around trade policy, consumers have so far remained largely unfazed by the trade war.
Wilmington Trust and wealthmanagement.com hosted a webinar on September 10, featuring Bruce Carrow, senior wealth planner, and Tom Kelley, wealth strategist. They shared their expertise on how to uncover the five most common places investors may be over-exposed to risk or, even worse, poorly positioned for optimal wealth.Watch and listen as Bruce and Tom offer valuable advice to investors and advisors alike on how to find (and fill) gaps in your wealth plan.
September 20, 2019 — The Federal Reserve cut interest rates by 25 basis points (0.25%) on Wednesday for the second time this year. The move was very much expected by the market and therefore did not have much of an impact that day. The newly released projections by committee members showed that some think it would be best to reduce rates again this year, while others think it more appropriate to hold at this new level going forward.