CUNA Mutual Group’s Chief Economist, Scott Knapp, looks at the latest economic conditions, arguing that expectations for a 50-basis point hike in March will likely be nonexistent very soon, and expectations for the number of near-term hikes and balance sheet reduction will likely come down from current levels.
Many of your clients may face uncertainty about whether they should claim various investment income on their taxes and, if so, how. This is especially true in light of recent tax code changes signed into law — the first major revisions since 1986.
When the market gets choppy, investors naturally shift course toward calmer waters. But there are better ports in a storm than cash.