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Higgins Capital Management, Inc.

FOMC, Social Security and Adams Ave. Street Fair

By Debbie

The Economy:  The FOMC unanimously agreed to raise interest rates in-line with market expectations.  The range is now 2.00%-2.25%.  The US treasury market rallied while U.S. stock markets sold off.  The committee dropped "accommodative" from their policy statement.  The markets took this as dovish...the Fed being closer to nearing its rate hiking cycle. 

Food for Thought:  We continue to hear from boomers as they plan their retirement, or put their plan into action, including what choices to make with Social Security.  Once you make a choice for Social Security, there's no going back.  Here are some considerations on Social Security to review.

Mixing Business with Pleasure: This weekend Saturday 9/29 and Sunday 9/30, there's the Adams Avenue Street Fair with 80 musical acts on 6 different stages.  There will be craft beet taste testing tickets, VIP beer and food tickets.  It's from 10-10 on Saturday and 10-6 on Sunday.