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 | FOMC Action Cements New Normal for Rates, Inflation OutlookThe economy is always evolving, says Federal Reserve Chair Jerome Powell, and so the nation’s monetary and fiscal strategies for achieving its goals must evolve as well. Read more > |
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| Sponsored message from New York Life Investments | |
| Market Trends & Analysis | |
| Optimizing retirement portfolios: A high-level look at the benefits of adding high-yield bonds. Read more > | |
| New Fiduciary Rule Ahead | |
| The main theme of the DOL’s new rule proposal is in alignment with other regulators—the SEC and FINRA in particular—but the agency is not surrendering its jurisdiction over tax-qualified retirement plans. Read more > | |
| The Secret to Getting a Gig | |
| Mentorship is key to the adviser industry’s future. Read more > | |
| Market Mirror | |
| Friday, the Dow gained 161.60 points (0.57%) to finish at 28,653.87, the NASDAQ closed 70.30 points (0.60%) higher at 11,695.63, and the S&P 500 increased 23.46 points (0.67%) to 3,508.01. The Russell 2000 was up 13.78 points (0.88%) at 1,578.34, and the Wilshire 5000 climbed 256.12 points (0.72%) to 35,841.59. The price of the 10-year Treasury note climbed 24/32, decreasing its yield to 0.727%. The price of the 30-year Treasury bond increased 2/32, bringing its yield down to 1.506%. For the week ending August 28, the Dow increased 2.59%, the NASDAQ climbed 3.39%, and the S&P 500 gained 3.26%. The Russell 2000 was up 1.67%, and the Wilshire 5000 finished 3.17% higher. | |
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