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Bi-monthly financial updates

Financial Insights – August 31, 2022

Financial Insights – August 31, 2022

FED NOT DONE Many on Wall Street and Main Street hoped the Federal Reserve finished raising interest rates when the July inflation report showed inflation slowing month-to-month. These numbers helped spur the stock market’s June rally well into August. But alas, such...

Financial Insights – August 15, 2022

Financial Insights – August 15, 2022

FINANCIAL CONFIDENCE GOING DOWN Given all that has happened this year, it is not surprising to learn that financial confidence has deteriorated. According to a New York Life survey, 62% of the participants were confident in their financial position which is lower than...

Financial Insights- July 29, 2022

Financial Insights- July 29, 2022

SOCIAL SECURITY AND INFLATION If you thought the 5.9% increase in Social Security payments in 2022 was a winner, you haven’t seen anything yet. It will not be official until October, but Social Security recipients may get a BIG boost in payments come January of next...

Financial Insights – July 15, 2022

Financial Insights – July 15, 2022

INFLATION, JOBS, CONSUMERS, AND MORE The Commerce Department announced earlier this month that the Personal Consumption Expenditures Index (PCE) for inflation rose 6.3% year-over-year. The PCE is the index most closely watched by the Federal Reserve because it gives...

Financial Insights- July 1, 2022 

Financial Insights- July 1, 2022 

INTEREST RATES ARE HIGHER AND GOING EVEN HIGHER   A year ago, when inflation was just beginning to rear its ugly head, the Fed described inflation as “transitory.” Though we hoped they were correct, it is now running at an 8% plus rate. While inflation may peak...

Financial Insights- June 15, 2022

Financial Insights- June 15, 2022

Over the past few years, the Perspective$ have discussed the abnormally high returns that equity investors have experienced since the pandemic lows in March 2020 and that a market correction, at some point, would not be a surprise.