The Fed is expected to announce its fourth 75-basis point interest rate hike this afternoon. Some experts, like the CEO of deVere Group, Nigel Green, are speculating that the Fed will stay tough on inflation and tease a slowdown in December. “Powell will be walking a fine line on Wednesday of trying not to get the markets too excited about the potential scenario of less aggressive rate-hiking — hence the likely hawkish tone he will still adopt,” he said.

Business Insider/Theron Mohamed
Investors are bracing for another huge rate hike from the Fed. Here’s why it’s a critical moment for markets and the US economy.

Investors are anxiously awaiting the outcome of the Federal Reserve’s meeting on Wednesday.

Here’s why the US central bank’s interest-rate decision and guidance could have sweeping impacts on prices, jobs, economic growth, and financial markets.

Why do interest rates matter?

Higher interest rates help to rein in spending, hiring, and investment. They also increase borrowing costs, making credit cards, mortgages, and other types of debt more expensive. Therefore, central banks rely on them to reduce aggregate demand in the economy and relieve upward pressure on prices.

You can read the full story, here.

LA Times via Yahoo Finance/Steve Lopez
Time to retire? Absolutely, said some. Never, said others. After a year of research, I had my answer

When I first considered retirement, a notion that struck me as both tantalizing and terrifying, I found that I wasn’t alone. I’d mention to peers that I was tempted but conflicted, and they’d tell me they were in the same place, weighing the pros and cons.

I was born in 1953, which puts me in the curl of the cresting boomer wave. Roughly 10,000 people turn 65 every day in the United States, and many of them keep working out of love or necessity. I decided to talk to some of them, along with some of the country’s 50 million retirees, before deciding my own fate.

One year later, I had my decision, and I’d written a book about how I got there.

You can keep reading, here.

Quartz.com/Mimansa Verma
Central banks haven’t bought this much gold since 1967

Central banks globally have accumulated gold reserves this year at a pace never seen since 1967, when the US dollar was still backed by the precious metal.

In the quarter ending September, demand for gold was up 28% year-on-year, reaching 1,181 tons, according to a new World Gold Council (WGC) report. The demand for gold this year has been primarily driven by a flight towards safer assets amid scorching inflation.

Gold is regarded as an effective inflation hedge, although some analysts believe this to be true only over extremely long time horizons stretching over a century or more.

Continue reading, here.

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