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The Money Section | Fed holds rates steady

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Fri, Mar 22, 2024 04:02 PM

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Also, not everyone is happier after they retire. ͏ ‌    ͏ ‌  

Also, not everyone is happier after they retire. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     [Fort Worth Star-Telegram](~/AAQRxQA~/RgRn4DCbP0QeaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vVwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ͏ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ March 22, 2024 • Issue #77 [The Money Section] This week, we’re looking at some takeaways from the much-anticipated Federal Reserve policy meeting, why not everyone is necessarily happier after they retire, and why a massive realtor lawsuit settlement is set to shake up the housing market. 3 Reasons why new car costs are higher [New car costs](~/AAQRxQA~/RgRn4DCbP0SRaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2Nhci1wcmljZXMtaW5zdXJhbmNlLWxvYW4tcmF0ZXMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3N1cDc3BjQgpl_Jur_WVdsyD2Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Money; Getty Images New car prices might have slightly dropped from their record highs in December 2022, but don't break out the champagne just yet. Factors like high auto loan rates, soaring car insurance premiums, and increasing gas prices are all still exerting pressure on new car prices. [Read more.](~/AAQRxQA~/RgRn4DCbP0SRaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2Nhci1wcmljZXMtaW5zdXJhbmNlLWxvYW4tcmF0ZXMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3N1cDc3BjQgpl_Jur_WVdsyD2Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) ✋ Fed holds rates steady. The Federal Reserve held interest rates steady following Wednesday's policy meeting, indicating plans for multiple cuts later in the year. The Fed's "dot plot" revealed expectations for three quarter-percentage point cuts by the end of 2024, with Chair Jerome Powell suggesting that policy restraint could be dialed back as the economy evolves. 📈 Mortgage rates rise back up to 7%. Tuesday's wholesale inflation report, particularly the Producer Price Index (PPI), surpassed expectations by a considerable margin. This impacted interest rates more than the consumer-oriented inflation report (CPI), causing mortgage rates to climb back to 7%. [Here’s what you need to know.](~/AAQRxQA~/RgRn4DCbP0RYaHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL3N0b3J5L21vcnRnYWdlLXJhdGVzLWJhY2stYXQtNy1haGVhZC1vZi1mZWQtbWVldGluZy0zZjY5NzIxN1cDc3BjQgpl_Jur_WVdsyD2Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Not everyone is happier after they retire [Score](~/AAQRxQA~/RgRn4DCbP0SNaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9yZXRpcmVtZW50LWhhcHBpbmVzcy1zdHVkeS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTc3VwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money A recent study found that retirement isn't always happier for everyone, with a third of retired adults reporting no increase in happiness since retiring. However, many of today’s “pre-retirees” have a [different vision for their retirement.](~/AAQRxQA~/RgRn4DCbP0SNaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9yZXRpcmVtZW50LWhhcHBpbmVzcy1zdHVkeS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTc3VwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) 🤖 Productivity is booming, thanks in part to AI. Silicon Valley and corporate circles are abuzz with the idea that artificial intelligence (AI) will revolutionize productivity, allowing workers to produce high-quality work in less time. However, recent increases in productivity are likely due to [more factors than just AI.](~/AAQRxQA~/RgRn4DCbP0RlaHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9lbXBsb3llZS1wcm9kdWN0aXZpdHktYm9vbWluZy13b3JrZXJzLWpvYnMtYWktc3RvY2stbWFya2V0LWdkcC0yMDI0LTNXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) 👍 No recession in sight, according to a top US economist. Jan Hatzius, chief economist at Goldman Sachs, believes the Federal Reserve is still on track for a soft landing, despite unexpected inflation spikes. He predicts the Fed could start cutting interest rates by June if inflation cools, though labor market weaknesses [could accelerate rate cuts.](~/AAQRxQA~/RgRn4DCbP0RaaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wMy8yMC9idXNpbmVzcy9yZWNlc3Npb24tZmVkLWVjb25vbXktZ29sZG1hbi1zYWNocy9pbmRleC5odG1sVwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Massive realtor lawsuit settlement to shake up housing market [Realtor lawsuit](~/AAQRxQA~/RgRn4DCbP0SaaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9yZWFsdG9yLWxhd3N1aXQtc2V0dGxlbWVudC1jaGFuZ2UtY29tbWlzc2lvbnMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3N1cDc3BjQgpl_Jur_WVdsyD2Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Olive Burd / Money; Getty Images A settlement between the National Association of Realtors (NAR) and several lawsuits promises to reshape real estate commissions, potentially saving buyers and sellers money. [Here’s what you need to know.](~/AAQRxQA~/RgRn4DCbP0SaaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9yZWFsdG9yLWxhd3N1aXQtc2V0dGxlbWVudC1jaGFuZ2UtY29tbWlzc2lvbnMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3N1cDc3BjQgpl_Jur_WVdsyD2Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) 🎢 Bitcoin struggles to hold $63K after Fed meeting. Bitcoin experienced an 8% drop on Tuesday, marking its largest single-day decline since the collapse of FTX. Wednesday's Fed announcement could still impact crypto markets since steady rates are typically viewed as bullish for Bitcoin due to its historical correlation with central bank policies and risk assets. [Read more.](~/AAQRxQA~/RgRn4DCbP0RHaHR0cHM6Ly9kZWNyeXB0LmNvLzIyMjQ5Ni9iaXRjb2luLXN0cnVnZ2xlcy1hdC02M2stYWhlYWQtb2YtZmVkLW1lZXRpbmdXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) ✈️ Boeing bleeds cash amid 737 Max drama. Boeing predicts a significant cash outflow of $4 billion to $4.5 billion in the first quarter due to regulatory scrutiny and reduced output of its 737 Max jetliner following a [mid-air accident in January.](~/AAQRxQA~/RgRn4DCbP0RQaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2JvZWluZy1wcmVkaWN0cy1tYXNzaXZlLWNhc2gtZHJhaW4tMTAzMTAxNDEyLmh0bWxXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Smart Money Move Improve your chances of loan approval with credit repair [Credit Repair] [Credit Repair] Is your credit score dragging you down? Credit repair services can help challenge errors on your report, potentially boosting your score for better chances of loan approvals. There’s no time like the present to repair your credit for a healthier financial future. [See our list of the best credit repair companies available today.](~/AAQRxQA~/RgRn4DCbP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2s3NjFkODgzYmNlNT94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzdXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Stories we're reading this week - [Retirement Is Broken — Is a ‘Pension Renaissance’ Coming to Save Us?](~/AAQRxQA~/RgRn4DCbP0SPaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvcmV0aXJlbWVudC1wZW5zaW9uLXJlbmFpc3NhbmNlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzdXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [Reddit’s IPO Is Set to ‘Take the Front Page of the Internet’ Public](~/AAQRxQA~/RgRn4DCbP0RcaHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9yZWRkaXRzLWlwby1zZXQtdG8tdGFrZS1mcm9udC1wYWdlLW9mLWludGVybmV0LXB1YmxpYy0yMDI0LTNXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [When Social Security Recipients Will Get Their Checks in March](~/AAQRxQA~/RgRn4DCbP0SSaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3NvY2lhbC1zZWN1cml0eS1jaGVjay10aGlzLW1vbnRoLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzdXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [The Average Bonus on Wall Street Last Year Was $176,500. That’s Down Slightly From 2022](~/AAQRxQA~/RgRn4DCbP0SEaHR0cHM6Ly93d3cuYm9zdG9uLmNvbS9uZXdzL2J1c2luZXNzLzIwMjQvMDMvMTkvdGhlLWF2ZXJhZ2UtYm9udXMtb24td2FsbC1zdHJlZXQtbGFzdC15ZWFyLXdhcy0xNzY1MDAtdGhhdHMtZG93bi1zbGlnaHRseS1mcm9tLTIwMjIvVwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) - [Your Employer Might Owe You Money — Here’s How to Find Out](~/AAQRxQA~/RgRn4DCbP0SSaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS93b3JrZXJzLW93ZWQtd2FnZXMtZ2V0LWJhY2stcGF5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzdXA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [Google fined €250m in France for Breaching Intellectual Property Deal](~/AAQRxQA~/RgRn4DCbP0R-aHR0cHM6Ly93d3cudGhlZ3VhcmRpYW4uY29tL3RlY2hub2xvZ3kvMjAyNC9tYXIvMjAvZ29vZ2xlLWZpbmVkLTI1MG0tZXVyb3MtaW4tZnJhbmNlLWZvci1icmVhY2hpbmctaW50ZWxsZWN0dWFsLXByb3BlcnR5LXJ1bGVzVwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) - [1 in 3 Divorced Americans Say Credit Card Debt Played a Role in the Split](~/AAQRxQA~/RgRn4DCbP0STaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvY3JlZGl0LWNhcmQtZGVidC1mYWN0b3ItaW4tZGl2b3JjZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTc3VwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from the Fort Worth Star-Telegram. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRn4DCbP0T5aHR0cHM6Ly93d3cuLmNvbS9uZXdzbGV0dGVycyN1c2VySWQ9ZDdkYzc0NTE3Mjk3YjM5NzFhYTE0ZDZmMzMxMTM1YTA4NzhmOGY2NDBmYTFhMTAxOWYxNTdiNjVjMWI1ZGQxZCUwRCUwQSUwRCUwQSUwRCUwQSUwRCUwQTwhLS10Lm5ld3MuLmNvbS93ZWJBcHAvbWNjU2lnbnVwUGFnZT9zaXRlTmFtZT0mdXNlcklkPWQ3ZGM3NDUxNzI5N2IzOTcxYWExNGQ2ZjMzMTEzNWEwODc4ZjhmNjQwZmExYTEwMTlmMTU3YjY1YzFiNWRkMWQlMjAtLSE-VwNzcGNCCmX8m6v9ZV2zIPZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRn4DCbP0QvaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS9XA3NwY0IKZfybq_1lXbMg9lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) if you have any questions or concerns. 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