Aug 28, 2022 | Wealth Management
Chairman Jerome Powell, in highly anticipated remarks from the annual Jackson Hole policy meeting, said in no uncertain terms that interest rates will keep rising and aren’t likely to come down soon. But that’s where the certainty ended. The size of a...
Aug 21, 2022 | Wealth Management
The week started positively with the stock market continuing its rally despite retailers warning of slowdown, semiconductor companies cautioning on outlook and housing market cracking as expected. But, the resilience of the stock market rally was broken by comments...
Aug 7, 2022 | Wealth Management
Stocks finished strong after a surprising jobs report. The U.S. economy added 528,000 jobs in July, the Labor Department reported, more than twice as high as expected, and the unemployment rate ticked down to 3.5%, matching the lowest level since the late 1960s. Wage...
Jul 17, 2022 | Wealth Management
Stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger than expected retail sales data and a moderation in inflation expectations. But Friday’s rally still was not enough to overcome three days of selling earlier...
Jul 3, 2022 | Wealth Management
US economy is slowly but surely showing signs of deterioration in economic growth. Earlier this week, Purchasing Managers’ Index (PMI) came in at 51.2, the weakest level since January. Forward looking indicators are projecting economic contraction in the third...
May 29, 2022 | Wealth Management
The Federal Reserve minutes of the May meeting, released earlier this week, gave investors a pretty clear roadmap for the summer. The minutes highlighted the Fed’s focus on inflation and with rate hikes of 50 basis points in the June and July meetings. The stock...
