As expected, the U.S. central bank hiked short-term interest rates by another quarter-point at its June meeting, lifting the bellwether federal funds rate up to a range of 1.75-2.00 percent. It was the second increase so far this year, and the seventh since the Fed moved away from its lengthy zero-rate policy of December 2015. While rates are still historically low and less than what Fed officials deem to be a neutral rate (a level that neither stimulates nor restrains economic activity), they won’t be for long if the Fed follows through with its current plan. At the June meeting, most policymakers expected to pull the rate trigger two more times this year, followed by three increases in 2019. July 2018 Economic and Financial Digest
Five Practices for Financial Safety
It is no secret that internet fraud is on the rise, and unfortunately, many seniors have found themselves socially isolated after the pandemic, making them
June 15, 2022
Laurene Brooks joined Legacy in 2004, shortly after the company’s inception. She earned undergraduate degrees in journalism and Spanish, and her Juris Doctor (JD) designation from Marquette University. Laurene has over 30 years of experience in law and relationship management. In addition to assisting clients with financial management and estate planning, Laurene is Legacy’s senior fiduciary officer. In addition, she was a member of the Real Property, Probate, and Trust Division of the Wisconsin State Bar for 10 years and served as chair.
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