Last week, America approached self-restraint the way Joey Chestnut approaches a hot dog. Unfortunately, the Federal Reserve was one of the judges. Stronger-than-expected retail sales, low jobless claims, and a renewed uptick in import prices reinforced the case for the Fed’s 25-basis-point rate increase, even as manufacturing activity softened.

Last week, America was told inflation is better. Also worse. Also, by Friday, core consumer prices came in hot and consumer sentiment fell off a cliff—which is a lot to hand somebody just days before they decide on interest rates.

Market declines can be unsettling, but not every uncomfortable moment calls for action.

Last week, America continued its situationship with the economy: lots of mixed signals, no definitions, with no idea where this is headed.

Last week, America looked at the economy and thought, “Seems straightforward enough.” Strong earnings, healthy hiring and record highs were the easy part. The deeper you looked, the weirder and more technical the story became.

Last week, America learned that a Fed staffer pointed out investors are receiving remarkably little extra compensation for owning stocks instead of bonds, and everyone immediately went back to talking about inflation. Very normal. Very fine.

Voya’s 529 plans provide tax advantages, diverse investment options, and adaptive strategies to help families maximize their college savings.

As the market broadens beyond the AI trade, shifting Fed signals and lofty earnings expectations demand more active judgment.

Growth now takes far more investment than it used to. Trade is reorganizing, energy risks are rising, and inflation lingers.

The retirement income conversation belongs in your DC practice. Lead it before someone else does.