ML Reaves Consulting LLC

09/18/2024

with .repost
・・・
The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020.

The bold, but not unexpected, half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards.

It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than a year.

The decision to cut by half a point, which wasn’t unanimous, telegraphs to the world that central bankers feel a sense of urgency to provide the US economy with swift relief from elevated borrowing costs, considering there were blaring calls in recent days for the Fed to kick off the rate-cutting cycle with a bang.

Read more at the link in our bio.

📷: Getty Images

05/08/2024

🙌🏾🙌🏾🙌🏾Good stuff with .repost
・・・
While unemployment rates for Black Americans decreased in April, contrasting with the rising trend for other racial groups, they still face higher unemployment compared to the overall rate. ⁠
⁠
The decline in Black unemployment, from 6.4% to 5.6%, reflects a positive shift amid volatile trends this year, with experts cautiously optimistic about the trajectory. ⁠
⁠
However, ongoing monitoring is recommended due to the historical trend of marginalized groups feeling the impacts of a soft labor market first, alongside fluctuations in the labor force participation rate, which has remained steady at 62.7%.

03/06/2024

I started a youtube channel! Please subscribe. More videos to come!☺️

Welcome to my channel! In this training video, we get into the IRS Free File program. I cover everything from eligibility requirements to accessing and util...

02/25/2024

Check out this article by betterreport.com about overlooked tax deductions. Hopes this helps as you navigate through this tax season.

Benjamin Franklin once claimed that “nothing is certain except death and taxes.” But while taxes are unavoidable, you might not need to pay the IRS as much as you have been. The tax code is full of potential deductions that could help you save money throughout the year and during tax season. But...

11/02/2023

10/07/2023

💼 Check out our latest blog article on "The ABCs of Accounting: Why Small Business Owners Need to Master the Basics." 📚

Learn how understanding key financial statements like the balance sheet, income statement, and cash flow analysis can empower you to make informed decisions and drive your business's success. 💰📈
Discover the importance of basic accounting principles, revenue recognition, and expense matching. Plus, we break down financial ratios to help you measure and improve your business's financial health. 🧮📊
Don't let accounting jargon overwhelm you; master the essentials today! Click link in bio to read the full article.