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S&P 500 and Nasdaq Hit Record Highs Amid Trade Optimism, Fed Bets, and Tech Surge

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the staff of the Ridgewood blog

New York NY, Wall Street is on fire — both the S&P 500 and Nasdaq have soared to record highs, fueled by positive developments in U.S.-China trade talks, Federal Reserve rate cut speculation, and surging investor confidence in the tech sector.

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The Explosive Rise of Millionaire Households in America

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Once a symbol of luxury, a million-dollar net worth is now average in the U.S. — here’s how we got here

the staff of the Ridgewood blog

Ridgewood NJ, in the past, millionaires were revered — symbols of success, wealth, and sometimes, envy. Today? Not so much. According to the Federal Reserve, the average (mean) net worth of an American household has topped $1 million for the first time in history. With over 22 million millionaire households in the U.S., being a millionaire is no longer rare — it’s practically mainstream.

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Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty and Trade Tensions

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the staff of the Ridgewood blog

Washington DC, the Federal Reserve announced yesterday that it will keep its benchmark interest rates unchanged, holding steady at a target range of 4.25% to 4.5% for the third consecutive meeting. The move comes amid mixed economic signals and ahead of critical U.S.-China trade talks set to begin later this week.

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Can President Donald Trump Fire Fed Chair Jerome Powell? Legal Questions, History, and the Political Stakes

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the staff of the Ridgewood blog

Ridgewood NJ, as the U.S. economy grapples with market uncertainty and persistent inflation, questions are swirling about whether a future President Donald Trump could fire Federal Reserve Chairman Jerome Powell before his term ends in 2026. Legally speaking, the answer remains murky—but the political and financial implications are massive.

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Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth

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the staff of the Ridgewood blog

Chicago Il,  Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.

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