Financial News for the Week of February 3rd, 2023

Financial News Highlights The Federal Reserve hiked the fed funds rate 25 basis-points, a step down from six consecutive hikes of 50 or 75 bps. Non-farm payrolls accelerated in January for the first time in five months,…


Financial News for the Week of January 20th, 2023

Financial News Highlights Markets finished the week lower on weaker economic data and rising political risks. December retail sales registered the biggest monthly decline in 2022, finishing the fourth quarter flat.…


Featured Article: 401k and Retirement Changes

The 401(k) and IRA Changes to Consider After Congress Revised Many Retirement Laws New policies for retirement saving would go into effect immediately or in the New Year Americans will need to rethink how they save after Congress passed a series…


Financial News for the Week of January 13th, 2023

Financial News Highlights After fifteen rounds of votes, Kevin McCarthy was elected the new House Speaker. However, it didn’t come without making major concessions, setting the stage for more political…


Financial News for the Week of December 16th, 2022

Financial News Highlights The FOMC downshifted its tightening race in December, raising the policy rate by 50-bps, bringing the operating band to 4.25%-4.5%. The FOMC’s Summary of Economic Projections showed a less optimistic…


Featured Article: The 5 Best Places to See an Untouched Winter Wonderland

The 5 Best Places to See an Untouched Winter Wonderland There’s something undeniably magical about a pristine, snowy winter landscape. Smoke rising from chimneys, the Northern Lights dancing above you, hot cocoa warming your hands while snowflakes…


Financial News for the Week of December 9th, 2022

  Highlights Somewhat unexpectedly, the ISM services index accelerated in November, with the business activity sub-index expanding to a level last seen in 2021. The services sector continues to struggle with elevated…


Financial News for the Week of December 2nd, 2022

Financial News Highlights Employment rose by 0.2% month-on-month (m/m) for the fourth consecutive month in November, surpassing expectations for a moderate slowdown in job growth. Core PCE inflation for October eased slightly to 5%…


Financial News for the Week of November 25th, 2022

Financial News Highlights Minutes from the November FOMC meeting showed a sizeable majority of members were receptive to the idea of slowing the pace of rate hikes in the near-term. New home sales jumped 7.5% month-on-month (m/m), far outpacing…