October 2, 2018— After weeks of bargaining, surrounded by bluster and grandstanding suggesting that the demise of NAFTA as a trilateral agreement might have been near, Canada and the United States were able strike a deal at the eleventh hour on September 30 in an attempt to salvage NAFTA, just over a month after Mexico and the U.S. reached a deal.
September 28, 2018— As was fully expected and fully priced in, the Federal Reserve hiked interest rates again on September 26, and signaled that it expects to keep doing so over the next couple of years. The federal funds rate range increase of 25 basis points, or bps (0.25%), brought its target up to 2.00%–2.25%. It was the eighth such hike, for a cumulative increase of 200bps from the zero level that had persisted for many years during the early part of the recovery.
September 21, 2018— The high cost of tuition, room and board, etc. (much of which falls under the student loan debt umbrella) is top of mind all year long for students and their parents alike—particularly when you consider that it’s the largest form of non-mortgage debt held by households.