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When the Fed Speaks, Investors Listen

All eyes will be on the Federal Reserve this week. Expectations are that the Federal Open Market Committee will not take action yet lay the groundwork for lower rates in the meetings to follow, possibly in July or September. Certainly, the bond market has led the way lower, raising expectations that the Fed will follow. Futures indicate just an 18 percent chance of a rate cut this week, but those odds rise to 70 percent in July and 85 percent in September. But it would seem that the Fed can afford to be deliberative. While the latest reports on jobs, the Consumer Price Index (CPI) and consumer sentiment support the case for lower rates, retail sales rebounded in May and the April increase was revised higher. In addition, industrial production exceeded expectations.

Ameriprise Financial Brings Together Thousands of Volunteers to Feed Hungry Families and Individuals

MINNEAPOLIS – June 13, 2019 – On June 14, more than 3,500 Ameriprise (NYSE: AMP) employees, advisors and clients will come together to provide food and other necessities for families and individuals in need. The volunteers will sort, prepare and serve meals at more than 220 company-sponsored events in a coordinated effort to help the 40 million people in America, including nearly 12 million children and five million seniors, who struggle with hunger.

Investors Feeling Optimistic as the Fed Takes a Dovish Tone

Stocks enjoyed their best week in six months, spurred on by dovish remarks by Fed Chairman Powell. The S&P 500 rose 4.2 percent, led by a 9 percent surge in materials stocks, albeit the smallest sector in the index with a less than 3 percent weight. Other groups outperforming the total index included a diversified mix of technology, consumer staples, industrials, consumer discretionary, financials, healthcare and energy stocks. Every sector was positive.

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Helping Adult Children Financially

Helping Adult Children Financially

Expert Marcy Keckler shares strategies to help parents strike the right balance between helping their kids financially and saving for retirement. Learn more about our Modern Money study.