After experiencing two years of increases in interest rates, which led to significant spikes in mortgage and credit card rates, investors and consumers alike are eager to know when the Federal Reserve intends to reduce interest rates. Simply put, the Fed is waiting...
inflation
These Four Strategies Are Helping Small Businesses Rise Above High Inflation
Inflation typically tightens profit margins and threatens the long-term viability of small businesses. Despite this challenge, they are proving to be resourceful in navigating the unpredictable economic landscape by adopting innovative approaches. This article...
Are the Fed’s Rate Increases Actually Slowing Inflation?
When the Federal Reserve raises interest rates, it is aiming to slow down inflationary pressures by making borrowing more expensive. Higher interest rates can discourage consumer and business spending, which can potentially slow down inflation. The Fed recently...
Inflation is Affecting Taxes: Here are the Tax Adjustments Made by the IRS for 2023
In response to high inflation rates, the IRS made some of the biggest adjustments in history for tax year 2023. These changes affect individual tax brackets as well as some key tax deductions and credits for the taxes you will file in 2024. We go over the most...
The Top Challenges Facing Small Businesses in 2023
Small businesses provide job creation and contribute to the growth of local communities. They are the backbone of any economy, but running a small business is no easy task. Below we’ll discuss the variety of challenges that small businesses are facing in 2023....
Will the Inflation Reduction Act Affect Your Taxes?
President Biden recently signed a sweeping piece of legislation called the Inflation Reduction Act of 2022. It is designed to address climate change, energy, healthcare availability, and hopefully inflation. Below is a summary of how the new law could affect...
The Federal Reserve is Planning More Interest Rate Hikes This Year. Make These Money Moves Now
In an effort to hedge against inflation, the Federal Reserve recently raised its benchmark interest rates three-quarters of a percentage point (or 75 basis points), which was the most aggressive hike since 1994. Fed Chairman Jerome Powell has cautioned that additional...
