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The SECURE Act 2.0 was signed into law as part of the $1.7 billion spending bill. How will this affect your retirement savings? NPR has the details @ https://bit.ly/3ClrCZl #2.0

The federal spending bill will make it easier to save for retirement. Here's how From emergency savings accounts to assistance for student loan borrowers, the new federal spending bill aims to make it easier to save for retirement.

While the Fed has agreed to slow interest rate hikes, they're asking for flexibility regarding future hikes as they keep watch over the economy. Reuters has the story @ https://bit.ly/3jSHxrM

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth.

The United States has re-opened its embassy in Havana, as many Cubans look to immigrate to the U.S. AP News has the details @ https://bit.ly/3GJxnmi

Facing migration flood, US resumes services at Cuba embassy HAVANA (AP) — Grappling with the biggest flood of Cuban migrants in decades, the United States reopened their long-closed legal pathway on Wednesday by resuming all visa services at its embassy in Havana.

The dollar is still growing strong, maintaining its value as recession worries continue to grow. Reuters has the story @ https://bit.ly/3Yq8CCw

U.S. dollar likely to remain strong in 2023 amid recession fears A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023.

After raising the interest rates another 50 basis points, the Fed has already signaled that 2023 will see more interest rate hikes. Reuters has the details @ https://bit.ly/3Fy5XOm #2023

Fed's Powell says inflation battle not won, more rate hikes coming The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.

The last Boeing 747 has exited the factory, ending the plane's 50-year production run. CNBC has the story @ https://bit.ly/3Fx8LLZ #747

Boeing's last 747 has rolled out of the factory after a more than 50-year production run Boeing has produced 1,574 of the planes at its factory north of Seattle.

Congress may have declined to add sick days for railroad workers, but investors are pushing for these benefits to be added as the threat of a strike looms. ABC News has the details @ https://bit.ly/3Hl7kCx

Investors press railroads to add sick time for workers The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike

The Fed will be keeping rates higher and for an extended period of time to further combat inflation. AP News has the details @ https://bit.ly/3UisxA9

Powell: Fed to keep rates higher for longer to cut inflation WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation.