2022 is nearly over, and as far as the economy goes, it has been a struggle. This year was characterized by record high inflation and interest rates, with major stock market swings along the way. Here’s a look back at the main money stories of the year, plus a look at what 2023 might bring. […]
Financial Prep for the New Year
2022 is wrapping up, and it’s been an interesting year for the markets and the economy. Between several interest rate increases, high inflation and market turbulence, many Americans are coming out of this year feeling stressed. Unfortunately, the outlook for 2023 is also a bit rocky, and key indicators point to a recession sometime in […]
How do Midterm Elections Affect the Markets?
Midterm elections are fast approaching – how will the markets respond? Historically, the vast majority of midterm elections have led to a 6 month bump in market performance. Why? One theory is that investors have a renewed confidence in the economy after the new Congressional spending plans. With the promise of more money being spent […]
Q3 2022 Economic Update
As interest rates have continued to rise and inflation surges on, the U.S. is in a potentially precarious situation. The U.S. economy shrank by 0.6 percent in the second quarter, which marked the second consecutive quarter that the economy shrank. And while the economy likely grew a bit in the third quarter of this year, […]
Why You Might Want to Hold Off on Big Purchases This Year
Whether you’re in the market for a new house, a car, appliances or furniture, it’s a tricky time to buy. Inflation is sitting at about 8.26 percent, which is still much higher than the 2 percent the Federal Reserve typically aims for. Inventory is still low across several industries. And there are some indicators that […]
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