Investing Takeaways from Summer's Key Bills

September 15, 2022
Sweeping new laws passed by Congress this summer affect corporate taxes, clean energy, electric vehicles, semiconductor manufacturing, and more. What does it all mean for investors?

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Over the summer Congress was surprisingly productive, churning out landmark legislation to address climate change, bolster U.S. chip production, strengthen competition with China, increase corporate taxes, and bring down inflation. And the president used his executive authority to eliminate $10,000 in student debt for millions of families.

In this episode of WashingtonWise, Mike Townsend looks at these major policy developments from the perspective of investors and considers the impact they could have on the economy, corporations, and consumers.

He also discusses where Congress will focus energy in the weeks prior to the mid-terms, starting with the one thing that must get done—approving funding to keep the government running prior to the September 30 deadline. And he checks in on the Fed's progress in the inflation fight and what to expect in terms of rate hikes for the rest of 2022.

WashingtonWise is an original podcast for investors from Charles Schwab.

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Will government policy affect your money?

Another Big Rate Hike: Does the Fed Have a Plan?

The Fed is determined to break the back of inflation by raising rates again and again—but at what cost to the economy, employment, and the markets? Is there a plan?

With Inflation Offsides, the Fed Keeps Hiking

As expected, the Federal Reserve raised its target range for the federal funds rate by 75 basis points to 3% to 3.25%, citing high inflation as its primary concern.

Home Is Where the Inflation Is

Central Banks relying on inflation measures based on rentals, rather than home prices, may persist in raising rates, applying more economic brakes despite easing home sales.

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The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

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