One and Done?

Are Federal Reserve policymakers truly data-dependent?

Wall Street has been waiting for weeks to see what monetary policymakers would do at month’s end, and when the Fed announced it would ease—cutting interest rates by 25 basis points, or 0.25%—traders…wait for it…sold! And the dollar rose! Huh?

I guess you could say the hackneyed advice to “buy on the rumor, sell on the news” actually worked this time around.

So, why cut rates? Find out in your August issue.

Also in this issue, we dive into the world of annuities. Annuities sound like a silver bullet for retirement, offering tax-deferred growth and guaranteed income for life. Everyone should have one, right? Our answer might surprise you.

And with stocks trading near all-time highs, it’s not uncommon for investors with cash to deploy to say they are waiting to buy on a dip. But is it really a good idea to wait for a pullback to get into the market when you don’t know how large that dip will be or when it will arrive? You don’t want to miss what we have to say on this topic.

For our full analysis, read your August issue now.