2 Question Tuesday – 11/05/2024 – Will The Latest Jobs And Inflation Reports Affect The Fed’s Thinking On Cutting Rates? What Are The New IRS Catch-Up Contribution Limits For 401(k)s?
Welcome to 2 Question Tuesday, Election Day 11/05/2024! This week’s client submitted questions were:
- Will the latest jobs and inflation reports affect the Fed’s thinking on cutting rates?
- What are the new IRS catch-up contribution limits for 401(k)s?
Phil, Mike, and Larry discuss how the October jobs report and the Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, which hit a three-and-a-half-year low of 2.1%, will affect the Fed’s thinking on cutting interest rates in November. They then talk about the new IRS 2025 catch-up contribution limits for 401(k)s and other retirement accounts.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.