Better than expected economic data in November appears to be thwarting the FOMC's efforts to engineer lower short-term interest rates.
The Federal Reserve began cutting interest rates. Whether the economy falls into recession, hard or soft, is anyone’s guess.
Over three years $1.4 trillion moved into low-fee funds including ETFs, which are quickly becoming the most popular of 18 major vehicles. The complexity of launching an ETF and their operational overhead has kept many firms from launching funds. New programs now help firms launch and manage ETFs.
