Finance
The Fed just convinced markets it's not behind the curve
The Federal Reserve’s half-percentage-point interest rate cut could have shaken markets had it exacerbated investor fears that the central bank was preparing for an economic slowdown.
Instead, Fed Chair Powell appears to have convinced investors the central bank is cutting rates to keep the economy on track, not to save it. Stocks surged Thursday following Powell’s press conference after the rate cut decision.
“Chair Powell had one job at his post-FOMC press conference today: convince markets that a 50 bp cut was consistent with a thoughtful policy adjustment rather than a sign that the Fed is worried it is behind the curve,” DataTrek co-founder Nicholas Colas wrote in a note to clients Wednesday night. “He accomplished that goal … This is consistent with prior mid-cycle markets, where equities can continue to rally.”
Investors had been increasingly expecting a soft landing, where the Fed’s aggressive tightening cycle ends with inflation falling to the 2% target without a significant downturn in the economy. On Wednesday, Chair Powell reiterated that scenario remains in play.
Powell remarked the US economy is “in good shape.” He pointed out that risks to further cooling in the labor market have risen. But the Fed is cutting with that in mind.
“The labor market is actually in solid condition,” he said. “And our intention with our policy move today is to keep it there.”
To Colas, the comments change little about the market narrative.
“[The Fed] decision doesn’t actually change very much about the current market setup,” Colas wrote. “We know that rates are coming down. We know that the US economy is in reasonably good shape. We know the labor market is cooling but not yet tipping over. While the Fed may have been somewhat clumsy in how it conditioned markets to expect today’s decision, that’s now in the past.”
In the day following Chair Powell’s press conference, the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) rushed to new record highs, while the Nasdaq Composite (^IXIC) rose over 2%.
Markets are showing familiar price action too, with the largest tech stocks leading the charge higher on Wednesday. Nvidia (NVDA) rose more than 4% on Thursday, while Apple (AAPL) and Meta (META) popped more than 3%. The Information Technology sector (XLK) as a whole rose more than 3.3%, outpacing the S&P 500’s 1.8% gain.
Citi US equity strategist Scott Chronert described the rotation into large-cap tech on Thursday as “a catch-up move” into a section of the market that will likely benefit from interest rate cuts but hadn’t been leading the rally since the S&P 500’s last record close on July 16.
Chronert pointed out that further deterioration in the labor market remains a key risk to the current rally, as it would potentially imply a recession. This could still bring some choppiness to trading action if economic data surprises to the downside.
“We’re going to have to be navigating still [if this is a] soft landing versus, gosh, there’s still some lingering hard-landing risk out there,” Chronert told Yahoo Finance.
Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
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Finance
Retallick named next associate dean for personnel and finance, Iles to step in as interim AGEDS chair

AMES, Iowa – With a passion for leading others and thinking strategically about where the college and its departments and programs should go, Mike Retallick has been selected to serve as the next associate dean for personnel and finance for the College of Agriculture and Life Sciences (CALS) at Iowa State University, effective July 1.
Retallick currently serves as chair of the Department of Agricultural Education and Studies (AGEDS), a position he’s held since 2016. He will continue serving in this role, in addition to being the new associate dean, until August, when Jeff Iles, professor of horticulture and previous chair of the Department of Horticulture, will step in as interim chair of the AGEDS department.
“Dr. Retallick has done a tremendous job of leading the Department of Agricultural Education and Studies, is a great team player and totally embraces the community and land-grant spirit of the college. We are excited to have Mike in this role as associate dean for personnel and finance to support our faculty and staff, to enable our students and to achieve all of our missions and purposes,” said Daniel J. Robison, endowed dean’s chair in the College of Agriculture and Life Sciences. “We are grateful for Dr. Iles stepping up to lead the Department of Agricultural Education and Studies as interim chair this fall. Jeff did outstanding work as the long-serving chair of the Department of Horticulture, and he’ll bring that experience and skill to this interim role.”

A search for a new chair for the AGEDS department will begin soon.
Retallick has been at Iowa State since 2001, starting as an academic advisor then assistant, associate and professor in the AGEDS department. He also previously served as the director and is now the interim director of the CALS Science with Practice program.
He has served the college and university in many capacities as well, through involvement in various boards and committees, including the Agricultural Endowment Board, CALS Online Learning Taskforce, Micro-credential Taskforce, Provost’s Chairs Cabinet and Faculty Work/Life Advisory Committee.
“This role is instrumental to the success and advancement of the college,” Retallick said. “I’m humbled by the opportunity to join the dean’s leadership team and look forward to working across the college’s departments and units to advance the great work we do in teaching, research and Extension and Outreach, all of which are enabled through personnel and finance.”
Retallick has a bachelor’s degree in agricultural education from the University of Wisconsin – Platteville and a master of agribusiness degree from Kansas State University. He earned his doctoral degree in agricultural education from Iowa State.
The position of associate dean for personnel and finance is fairly new in CALS. Ruth MacDonald currently serves in this role and will do so until June 30. After that, she will continue as the interim chair of the Department of Food Science and Human Nutrition.
“We are so appreciative of the great work and impacts our college’s first Associate Dean for Personnel and Finance Ruth MacDonald has done these past four years with staff in the CALS budget and finance office and leadership all across the college,” Robison said.
Contacts
Mike Retallick, Agricultural Education and Studies, 515-294-4810, msr@iastate.edu
Whitney Baxter, Agriculture and Life Sciences Communications, 515-294-2314, wjsager@iastate.edu
Finance
Financial Advisor James Thatcher of Bright Lake Wealth Management Shares Insights as Retirement Income Planning Expert in HelloNation
ROSEVILLE, Calif., June 26, 2025 (GLOBE NEWSWIRE) — How do I create a retirement income plan in Roseville? This is a common question for individuals approaching retirement, and James Thatcher of Bright Lake Wealth Management offers practical guidance in HelloNation. His expert contribution underscores the importance of analyzing income sources such as Social Security, pension plans, and tax-deferred savings to build a resilient financial framework for retirement. The article emphasizes that consistent cash flow hinges on early budgeting and integrating all revenue streams.
Thatcher details how forecasting monthly expenses, from essentials like housing and healthcare to discretionary spending, enables retirees to calculate income needs with greater accuracy. His insights clarify how the timing of Social Security benefit claims can significantly affect payout totals, and he highlights the importance of coordinating benefit elections with spousal considerations. Thatcher also advises reviewing pension plans carefully and planning for required minimum distributions from retirement accounts, noting that tax efficiency plays a critical role in long-term wealth preservation.
Thatcher further explores the use of supplemental income tools, such as annuities, while cautioning readers to examine associated costs and alignment with personal goals. His guidance on asset allocation during retirement supports maintaining both stability and growth, advocating for routine portfolio reviews to match evolving financial needs.
The article, Understanding Retirement Income Planning, presents Thatcher’s comprehensive approach to retirement, encouraging Roseville residents to adopt a structured and informed strategy for sustained financial health.
About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.
Patrick McCabe
info@hellonation.com
www.hellonation.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a533c14d-57bf-40b3-9b8f-5a34c69b66c3
Finance
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