June 20, 2019 – The Federal Reserve left rates unchanged at its meeting this week, but as we expected it would, it hinted that rate cuts may be coming soon. The Federal Open Market Committee (FOMC) kept an optimistic stance, saying it still expects economic growth to continue, the labor market to remain strong, and for inflation to remain subdued, but that the “uncertainties around this outlook have increased.
June 18, 2019—There are two sides to every story. And then there is the truth, which often lies somewhere in the middle. This is true of stock and bond markets today, and while we are not in the business of “taking sides,” we think there is truth to both narratives.
In this recent New York Times reprint, Chief Wealth Strategist Alvina Lo shares her insights. With the rule on alimony and deductions changed, so must the strategy of couples parting ways.In particular, couples going through a divorce should re-examine their tax strategy, as well as their cash flow and spending needs.Wealthier families should consult with their tax advisors to fully understand the tax implications of the new law.