Dalton — As I write this column, the federal funds futures markets point to a 30 percent chance that the Fed will cut rates June 19 and an 86 percent chance that they’ll be lower July 31. I’d guarantee you that the Fed won’t be cutting this week, but since there are no guarantees in this business, I’d say the odds of a cut this week are about the same that little green men from Mars built the pyramids.
The government’s partial shutdown has everyone on edge this year. Despite assurances from the powers that be, many taxpayers are concerned that their tax returns won’t be processed on time. Should you be worried?
The markets needed a break. Overbought, extended, and tired of buying, traders took a time out this week. It is a necessary part of the market equation. Two steps forward, one step back. Now that we have...
The European Community is beset by worries. Brexit, trade threats, a slowing Chinese economy, and internal politics at home have all conspired to slow growth, employment, and positive sentiment.