Dec 18, 2022 | Financial Planning
The Federal Reserve delivered a widely expected 50-basis-point rate hike this week, but surprised the markets by signaling rates would stay high through next year. At the meeting, the Fed revised their median prediction for core inflation in 2023 upwards by...
Jul 31, 2022 | Financial Planning
So is it a recession or not? Gross domestic product fell at a 0.9% annualized rate in the second quarter after a 1.6% decline in the first three months of the year. This means that the US economy shrank for a second straight quarter, which technically means a...
Jun 19, 2022 | Financial Planning
The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006. It hasn’t shown up in many data series yet, but mortgage applications are pointing to a large decline over summer with home-purchase mortgage applications...
Apr 10, 2022 | Financial Planning
Earlier this week, Vladimir Putin’s forces attacked a train station in the east of Ukraine filled with people trying to flee the conflict. At least 50 of them were killed in the assault on Kramatorsk train station, reportedly with the use of cluster munitions. Such...
Mar 13, 2022 | Financial Planning
As the war rages on, Russia is at imminent risk of defaulting on its debts as western economic sanctions choke off its access to dollars and other global currencies to pay lenders, a move that would have devastating economic ripple effects. Inside Russia, a default...
Oct 3, 2021 | Financial Planning
The stock market bounced back on Friday after the major indexes suffered their worst month of the year in September amid rising fears of inflation, slowing growth and rising rates – the Dow Jones was down 4.3%, the S&P 500 fell 4.8%, and the Nasdaq Composite...
