• kansas city financial plannerOver the next few months, decisions made in Washington will play an outsized role in the outlook for financial markets and the U.S. economy. On Capitol Hill, the House-Senate budget conference committee is in negotiations on a deal to fund the government and reduce automatic spending cuts. A few blocks away, the Federal Reserve is in the midst of deciding the future of its quantitative easing program.
  • The budget committee must present recommendations to Congress by December 13th. In a best case scenario, the negotiations will reduce sequestration, which will otherwise slow economic growth by 0.6 percentage points in 2014.
  • The Federal Reserve is likely to begin tapering asset purchases in the New Year. Once tapering begins, the Fed’s goal will be avoiding a back-up in interest rates. This is likely to require a more direct signal that short term rates will stay on hold even longer than current expectations.

    Source: TD Economics

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John P. Chladek, MBA, CFP® is the President of Chladek Wealth Management, LLC, a fee-only financial planning and investment management firm located in Leawood, KS, a suburb of Kansas City near Overland Park. For more information, visit http://www.chladekwealth.com.

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