Yen weakens to 145 as central bank rate decisions hit markets

TOKYO/SEOUL — Asian currencies came under fresh pressure on Thursday and shares were lower after the Federal Reserve continued to tighten US monetary policy while the Bank of Japan stuck to its ultraloose stance. The Japanese yen briefly weakened past 145 to the dollar, a fresh 24-year low, after the BOJ said it would maintain … Read more

4 things to watch when the Fed delivers its rate-hike decision

The Federal Reserve is raising rates on Wednesday. That much is certain. Beyond that, there are weighty questions about whether the central bank’s efforts to bring down inflation can succeed without crashing the economy. With Fed Chairman Jerome Powell talking about “pain” for the economy in his Jackson Hole speech in August, investors are bracing … Read more

Here’s How the Fed’s Rate Hikes Will Impact Your Retirement Plan — for Better or Worse | Personal finance

(Ryan Downie) The stock market dropped this week after the August Consumer Price Index indicated that inflation was higher than expected. Paired with a decent employment report, this inflation data opened the door to continued rate hikes by the Federal Reserve. Rising rates are going to have a handful of important impacts on different asset … Read more

Here’s How the Fed’s Rate Hikes Will Impact Your Retirement Plan — for Better or Worse | Personal finance

(Ryan Downie) The stock market dropped this week after the August Consumer Price Index indicated that inflation was higher than expected. Paired with a decent employment report, this inflation data opened the door to continued rate hikes by the Federal Reserve. Rising rates are going to have a handful of important impacts on different asset … Read more

Fed to put a ‘firm foot on the brake pedal’ this week

The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to cool inflation. “What the Fed was doing earlier this year was taking its foot off the gas pedal,” said Carl Riccadonna, chief US economist at BNP … Read more

How Safe Does Your Safe Withdrawal Rate Need to Be to Retire? | Smart Change: Personal Finance

(Adam Levy) Many retirees use the 4% rule to plan for their retirement spending. The 4% rule, based on a study by Bill Bengen, suggests you can safely withdraw 4% of your starting portfolio value for 30 years without running out of money. Bengen used historical data from 1994 to find the highest withdrawal rate … Read more

How Safe Does Your Safe Withdrawal Rate Need to Be to Retire? | Smart Change: Personal Finance

(Adam Levy) Many retirees use the 4% rule to plan for their retirement spending. The 4% rule, based on a study by Bill Bengen, suggests you can safely withdraw 4% of your starting portfolio value for 30 years without running out of money. Bengen used historical data from 1994 to find the highest withdrawal rate … Read more

How Safe Does Your Safe Withdrawal Rate Need to Be to Retire? | Personal finance

(Adam Levy) Many retirees use the 4% rule to plan for their retirement spending. The 4% rule, based on a study by Bill Bengen, suggests you can safely withdraw 4% of your starting portfolio value for 30 years without running out of money. Bengen used historical data from 1994 to find the highest withdrawal rate … Read more

In rare sit-down, Nobel Prize–winning economist Peter Diamond sees ‘significant power shift from employers to workers’ underway

Peter Diamond, winner of the Nobel Prize in economics in 2010, has shied away from the press for most of his long and illustrious career, explaining that he is concerned about being misunderstood. Given the chance to interview him, MarketWatch jumped at it. His supporters think Diamond is probably the smartest of economists. His selection … Read more