Economy

U.S. Inflation Cools While Global Inflation Persists – Global Inflation Trends
Following 40-year highs in inflation, the Fed’s aggressive rate hikes and a slowing economy have begun cooling inflation. For the 6th consecutive month, U.S. Inflation has decreased, reaching 6.5% in December 2022. For ...

Published On: February 23, 2023Categories: Economy
The Inflation Reduction Act
The Inflation Reduction Act (IRA) passed by Congress in 2022 may have opened a unique opportunity to lessen the burden of home renovations and upgrades. The ten-year plan to counteract inflation and emphasize ...

Published On: February 22, 2023Categories: Economy, Taxes
Shipping Costs Fall From Historic Highs – International Trade
In late 2021, post-pandemic shipping costs skyrocketed, forcing the prices of containers to become unaffordable for many businesses that rely on importing or exporting products. However, costs have since fallen dramatically and have ...

Published On: February 21, 2023Categories: Economy
Refilling Depleted Oil Reserves from Four Decade Lows – Oil Industry Update
As a result of surging fuel costs reflective of OPEC constraints and the Ukraine war, the U.S. government withdrew over 220 million barrels of oil over the course of 2022. The withdrawal caused ...

Published On: February 17, 2023Categories: Economy
Major Equity Indexes Post Gains So Far This Year – Domestic Equity Overview
Major equity indexes were positive year to date at the end of January, with the S&P 500 index up 6.18% as technology-related companies led the gains. The Dow Jones Industrial Index gained 2.83% ...

Published On: February 16, 2023Categories: Economy, Market Index Returns
Macro Economic Overview
Inflation became less of a concern in January as the most recent data revealed six consecutive months of falling prices. The most recent inflationary data, as measured by the Consumer Price Index (CPI), ...

Published On: February 15, 2023Categories: Economy
Job Openings Are Decreasing – Labor Market Update
With looming recessionary pressures throughout 2022, many corporations reversed their 2021 hiring frenzies. Instead, companies have been opting to slow down hiring, shutter positions, and implement layoffs. In fields such as technology, many ...

Published On: February 14, 2023Categories: Economy
Short Term Rates Remain Higher Than Long Term Rates – Fixed Income
40-year highs in inflation and Federal Reserve rate hikes played havoc on bonds throughout 2022, sending short and long terms rates to levels not seen in years. Short-term rates remained higher than long-term ...

Published On: January 17, 2023Categories: Debt/Mortgage/Liabilities, Economy
More People have Grim Outlooks on their Financial Situations – Consumer Expectations
With high inflation and a recessionary environment being landmarks of 2022, many households have started to doubt the economy. Going further back to the start of the pandemic, households have tackled everything from ...

Published On: January 16, 2023Categories: Economy, Financial Planning
Life Insurance Payouts Pass a Record $100 Million – Insurance Overview
As the effects of the COVID-19 pandemic continue to unravel, life insurance payouts for 2021 now show just how extraordinary the deaths recorded were. While no direct link can be made to COVID-related ...

Published On: January 13, 2023Categories: Economy, Financial Planning