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About Keith Molyneaux

Posts by Keith Molyneaux…

Last-Minute IRA Contributions: Maximize Your 2023 Tax Benefits

As we approach the tax deadline for the year 2023, many of us are busy gathering documents and filing returns. However, there’s still a valuable opportunity available for those looking to optimize their tax situation: making a last-minute contribution to an Individual Retirement Account (IRA) and potentially qualifying for a tax deduction. For those unfamiliar, […]

Eurozone Inflation Unexpectedly Cools, Paving the Way for Rate Cuts

Inflation across the 20-nation eurozone unexpectedly eased in March, boosting expectations that the European Central Bank (ECB) will begin cutting interest rates this summer. Eurozone inflation eased to 2.4% in March, according to the European Union’s statistics agency. Economists polled by Reuters had expected inflation to hold steady at 2.6%, where it had been the […]

Fed’s Preferred Inflation Gauge Puts Spotlight On Cuts

The Federal Reserve’s preferred inflation metric fell in line with expectations in February, leaving many to wonder if inflationary pressures will subside enough this spring for the central bank to begin cutting interest rates this summer. The personal-consumption expenditures (PCE) price index rose 0.3% in February from the month before, according to the Commerce Department. […]

Chinese Youth Unemployment Continues to Climb, Despite Methodology ‘Fix’

In the latest sign of China’s ailing economy, the nation’s youth unemployment continued to climb in February. The unemployment rate among 16-24-year-olds rose to 15.3% in February, up from 14.6% the month prior. The nation’s overall unemployment rate rose to 5.3%, up from 5.1% in January. This month’s report is the third that contains data […]

Switzerland Becomes First Developed Economy to Cut Rates. Will Others Follow?

The Swiss National Bank (SNB) surprised the markets this week with its decision to lower the country’s main policy interest rate, making it the first developed economy to begin normalizing interest rates after the post-pandemic inflation boom that has gripped most of the world’s economy. The central bank lowered its key interest rate by 0.25 […]