Alexander Reed, CIO at Envisage Wealth, shares his thoughts on recent comments out of the Federal Reserve, the latest consumer spending numbers, and how rate cut anticipation is impacting his strategy for 2024.

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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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