Economic Outlook

Given this is an election year, chances are you have heard a lot of economic figures thrown around. (Some are even true.) While it’s always a good idea to keep up with the economic trends, there is a lot of data out there and it might be difficult for you to keep track. (It’s OK, Read more

The Federal Reserve’s battle against inflation had gone better than expected until it recently got bogged down. Thus, the effort to combat inflation can’t be called a victory just yet. Though the initial predictions for Fed rate cuts for 2024 ranged from three to six, expectations have shifted dramatically with the market now pricing in Read more

The Federal Reserve increased rate in 2022 and 2023 as the central bank sought to contain surging inflation. Now, in 2024, with price pressures easing and the economy still strong, Fed officials are poised to bring rates down at a slower pace. Because the Fed’s benchmark rate influences lending costs for mortgages, cars, and credit Read more

Throughout 2023, the U.S. economy has stayed resilient in the face of rapid monetary policy tightening; consumer demand has stayed solid, and the labor market has remained unflinching. Gross domestic product (GDP), adjusted for inflation, rose at a 2.4% annual rate in the second quarter, up from a 2% growth rate in the first three Read more

In the first quarter of 2023, the U.S. economy grew by 1.3% on an annualized basis and expanded by less than 0.3% on a quarterly basis. That growth was down from a 2.6% rate in the last three months of 2022, but nonetheless represented a third straight quarter of growth after output contracted in the Read more

The year is coming to an end in an atmosphere of anticipation. Will inflation slow? Will the labor market decline further? Will there be a recession? What will the Fed do? High inflation, rising interest rates, and recession fears have made for a rough financial ride in 2022, with falling stock and bond prices pummeling portfolios Read more