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When President Donald Trump helped push out Federal Reserve Chairman Jerome Powell, he was looking to replace him with someone who would lower interest rates and help prop up stock prices. However, the person he appointed to replace Powell appears to have a vastly different idea. Instead of cutting rates as Fed chief at his…
Advisors with wealthy clients holding eight-figure retirement accounts may need to revisit strategies under a Democratic proposal to close what lawmakers call a loophole allowing those accounts to continue growing tax-advantaged. Processing Content The legislation was introduced on July 22 in the Senate by Senate Finance Committee Ranking Member Ron Wyden, a Democrat from Oregon,…
Bridges Development Group has snagged a three-story retail and office complex in south Brooklyn for $31 million, a third of what it traded for six years ago. The Manhattan-based investor bought the 226,130-square-foot Kingswood Center at 1630 East 15th Street, in Midwood, Crain’s New York reported. The seller was Midland Loan Services, a Kansas-based unit…
Eurozone May industrial production -0.2% vs +0.2% m/m expected !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
RIA Edge Austin
Consumers in euro area countries perceive and expect significant reductions in inflation, the European Central Bank (ECB) said in a Friday (July 24) press release. The ECB Consumer Expectations Survey for June found that compared with May, median consumer perceptions of inflation over the past 12 months decreased “significantly.” The figure dropped from 4.0% in…