The Currency - Money

When Fed Chairman Jerome Powell continually warned that the Fed was more inclined to keep rates high longer than markets seemed to expect, investors didn’t really worry too much. Now, the market’s view that the Fed would probably start cutting rates sometime after New Year’s Day looks quite a bit more tenuous than it once did.

It is a truth universally acknowledged: September is Apple szn. Apple recently unveiled the iPhone 15 and announced all next-gen smartphones will switch to the universal USB-C. Whether or not you make the upgrade (if so, you might have to wait until November), what and when you bite may come down to purchasing power. 

Learn about holistic wealth management and how it takes into account your personal goals, major life events, and the future you see for you and your family.  

Learn what financial advisors do, how much their services cost, and where to find one. 

We’ll break down what's expected of a fiduciary and why it’s important to work with one.

Prices at the consumer level rose 0.6% in August, faster than at any point in more than a year. At the producer level, things were even worse: PPI rose 0.7%, also the biggest increase since last summer.

Annual percentage yield, or APY, is a percentage value that represents the total amount of interest you earn on investment accounts during the year. Learn how it’s calculated and how to compare APY for different accounts.

On kickoff day of this year’s football season, we witnessed that the pros, just like us, sometimes struggle to get back into the game (even one with a recently inked $55 million annual contract). But the season is young, and there’s plenty of time to change tack. 'Tis a season of possibilities – from streaming services to soft landings.

It’s inflation week. We’ll get the latest read on inflation at the consumer level on Wednesday, followed a day later by the inflation at the wholesale level. Fed Chair Jerome Powell has admitted that these will be primary inputs into the FOMC’s decision on rates later this month. 

Stocks and bonds retreated in August as comments from Fed members suggested a bias toward another possible rate hike or at least keeping rates elevated longer. Help inform your financial plan with a quick recap of the news you need to know about last month's economy and financial markets.

Diamonds are forever. Their market value, on the other hand, isn't set in stone. Thanks in part to the growing popularity of lab-produced diamonds, the cost of natural, rough cut diamonds was down to $850 per carat in July from $1,400 in June of last year. Read on for the top news nuggets of the week and a few gems of financial insight.