Many people are swept up in buying gifts for their loved ones this time of year, but you can't forget to wrap up your financial obligations! Chris Hogan, Financial Expert and Author of "Retire Inspired", joins Your Cheddar to discuss what you need to do before the ball drops to ring in the new year.
Hogan says it's important to take a look at any leftover money from your 2017 budget and look at retirement options. You may still have time to increase your 401(k) contribution and consider contributing your yearly bonus toward retirement.
Plus, how certain states will be impacted by the Senate passing its tax reform bill. Hogan advises people to make sure all their paperwork is in order so they hit any end-of-the-year deadlines.
The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
