Rate Hike Pause is Good News for Leveraged Closed-End Funds The Federal Reserve held steady on interest rates last week, not long after Fed chief Janet Yellen indicated officials would “proceed cautiously.” This could benefit leveraged closed-end funds. These funds tend to be more volatile than other financial products, Binyamin Appelbaum explains, but they may be a smart investment for people with a long-term focus. To read the full article in The New York Times, click: Fed Keeps Rates Steady and Says Labor Market Is Improving.
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Automation anxieties concerning the impact of technology on the labor force go back to the Industrial Revolution. More recent technological advancements have helped to decrease the separation between work and home life. However, it seems unlikely technology will lead to widespread unemployment. Irving Wladawsky-Berger, contributor to CIO Journal, discusses the angst driven by continual automation improvements and what the future may hold for the human workforce. To find out more on The Wall Street Journal article, click: The Future of Jobs: Lessons from History.