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U.S. GDP grew 2.9% in Q-4 2022 and core PCE inflation increased by 0.3% in December, with its three-month annualized rate falling to 2.9%. The S&P 500 responded positively for the week and is up 6% in January through last Friday. Fed Funds interest rate...
The two biggest threats to the U.S. economy and financial markets in 2023 are the Fed tightening beyond what is required to bring inflation back to its 2% target rate and a possible U.S. Treasury debt default if Congress fails to raise or suspend the “debt limit.” The...
The December CPI inflation report last week showed inflation continuing to decline and boosted market confidence as fourth quarter earnings reporting began. The 0.1% m/m decline in headline CPI in December was principally due to a 9.4% m/m drop in gasoline prices, and...
A New Year is upon us, and for many investors, that is exciting news as we lick our wounds from one of the toughest years in the history of the markets, at least from a 60/40 portfolio perspective. A traditional “balanced” portfolio of 60% aggressive positions (stock...
The best news last week was a positive December jobs report showing 223,000 new payroll jobs and a drop in the unemployment rate to 3.5%, a 50-year low, along with a slowing pace of average hourly earnings growth in December. Average hourly earnings growth slowed to...
Rarely does a technical or paperwork glitch derail the sale of a business. Much more frequently behavioral or emotional decisions by the owner taint the market or cause the buyer to rethink things. This makes sense because the sale of a business is the culmination...
There were over 100 changes made in the SECURE Act 2.0, which was signed into law on December 29th, 2022. Though the bill addresses 'Enhanced access to retirement funds during times of need for private sector firefighters,' the bullet points listed below provide...
By Steve Skancke, Chief Economic Advisor, Keel Point The big news from the Federal Open Market Committee meeting of Dec. 13-14 was the Fed's more hawkish than expected announcements about a higher target for Fed funds rates in 2023 after November consumer price index...
The big news last week was the Fed’s more hawkish than expected announcements about a higher target for Fed funds rates in 2023 after November CPI core inflation data showed that inflation is continuing to decline. The core CPI inflation index (all items less food and...