Not everybody loves meetings and even fewer enjoy reading the minutes, but investors make an exception with the Federal Reserve. This week the Fed published the minutes from its August 1 meeting. While no changes were made to interest rates, the minutes did provide insight to how the Fed sees the U.S. economy.
While the Fed remains concerned about the risks of inflation, it also is concerned about slowness in the housing market. Home building has declined due to a labor shortage and to higher cost in materials from tariffs, according to The New York Times.
The Fed is content, for now, with their current policy stance of steady rate hikes, but are on edge as they wait to see how fiscal policy plays out in the data. The Fed is more likely to raise rates two more times this year given the strength of the economy.
HOW WOULD YOU ASK FOR A RAISE? When CNBC asked business author Suzy Welch how someone should ask for a raise she explained, “The key…is an approach that includes research and emphasizes your achievements.” She recommended three basic steps:
This is sound advice.
When Willy Appelman of Fast Company asked children at the Underhill Playground how they would ask a boss for a raise, the kids believed the keys to success were good manners, hard work, baked goods, and physical appearance. Here are some of their recommendations:
If you recently received a raise or a bonus (or expect to), you may want to give some serious thought to how you will to use the additional income – spend it, save it, or do some of both – and how your choices will affect your taxes. If you’d like to discuss your options, give us a call.
Weekly Focus – Think About It
“The tax advisor had just read the story of Cinderella to his four-year-old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach. Suddenly she piped up, ‘Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?’”
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https://www.wsj.com/articles/as-central-bankers-meet-economic-uncertainties-weigh-on-sunny-outlook-1535029200 (or go to https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/08-27-18_WSJ-As_Central_Bankers_Meet_Economic_Uncertainties_Weigh_on_Sunny_Outlook-Footnote_2.pdf)
https://www.fastcompany.com (In the Video section, click on ‘Advice On How To Get A Raise... From Kids’; responses occurred at 29, 33, 44, 51, and 54 seconds from the start of the video)
* These views are those of Carson Group Coaching, and not the presenting Representative or the Representative’s Broker/Dealer, and should not be construed as investment advice.
* This newsletter was prepared by Carson Group Coaching. Carson Group Coaching is not affiliated with the named broker/dealer.
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