Economy

Rising Car Payments Become Less Affordable for Many – Automotive Industry
Since the pandemic ushered in a widespread global shortage of semiconductor chips that are vital to new vehicles, car prices have risen to historic highs. Three years later, the supply issue has dissipated ...

Published On: March 17, 2023Categories: Debt/Mortgage/Liabilities, Economy
REAL ID Deadline Postponed Until 2025 – Travel & Regulations
The Department of Homeland Security has announced that it will extend the REAL ID full enforcement date back 2 years from the original date of May 3, 2023, to May 7, 2025. This ...

Published On: March 16, 2023Categories: Economy
Rates Rise in February – Fixed Income Overview
Rates rose across all bond maturities, also known as the yield curve, which has remained inverted in recent months due to the Fed’s monetary policy. The 4-month, 6-month, and 1-year Treasuries all surpassed ...

Published On: March 15, 2023Categories: Economy
Eggs Continue To Get More Expensive – Food Sector Review
Amidst high food inflation throughout 2022, eggs have emerged as particularly costly goods at the grocery store in recent months. Egg consumption has been rising in recent years as compared to other protein ...

Published On: March 10, 2023Categories: Economy
Macro Economic Overview
Inflation worries persisted in February as government data revealed stubbornly elevated prices for food and energy. As a result, the Federal Reserve’s policy on additional rate increases continues to bombard the equity and ...

Published On: March 9, 2023Categories: 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