Sep 3, 2023 | Wealth Management
The labor market has been the stalwart of the US economy this year, supporting momentum that’s set it on a glide path for that Goldilocks scenario known as a soft landing. New data this week showed more people entering the workforce, increased hiring and slowing wage...
Aug 27, 2023 | Wealth Management
Stocks rallied Friday as investors welcomed comments from Federal Reserve Chairman Jerome Powell in Jackson Hole that pointed to stronger than expected economic growth. Investors cheered Powell’s confidence in continued U.S. economic growth, as he cited...
Aug 6, 2023 | Wealth Management
There’s no denying that China’s economy is struggling. Real GDP growth slowed considerably in the second quarter, as exports declined and households accumulated savings to protect against an ongoing slump in property values. Data for July point to ongoing weakness...
Jul 15, 2023 | Wealth Management
Stocks finished mixed Friday but scored solid gains for the week, as surprisingly moderate U.S. inflation data prompted hopes that the Federal Reserve could soon stop its pattern of interest rate hikes. With June consumer prices and producer prices showing smaller...
Jul 2, 2023 | Wealth Management
Wall Street’s major averages closed out a strong first half of the year on an upbeat note. Moreover, the Federal Reserve’s favorite inflation gauge – the core personal consumption expenditures index – moderated in May on both a month-to-month...
Jun 25, 2023 | Wealth Management
The Federal Open Market Committee paused its series of interest-rate hikes this week for the first time in 15 months, leaving rates in a range of 5% to 5.25%. But Fed officials estimated rates would rise to 5.6% by the end of the year, implying two additional quarter...
