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Financial News for the Week of September 29th, 2023
Financial News Highlights Revisions to GDP data left Q2 growth unchanged, but consumer spending growth was cut in half in financial news. Monthly consumer spending data showed that following at strong gain in July,…
Financial News for the Week of September 22nd, 2023
Financial News Highlights The Federal Reserve held rates unchanged at its September meeting, but updated projections showed that the median FOMC member expects rates to remain above 5% through 2024, reinforcing the…
Featured Article: Changes Are Coming to Medicare Drug Costs. What It Means for You.
Please enjoy this educational article from Barron's Medicare’s first round of drug price negotiations has begun, and while that should be a boon to enrollees, you will have to wait a couple of years to reap the benefits. In the…
Financial News for the Week of September 15th, 2023
Financial News Highlights The third quarter is shaping up to be the strongest of the year for the U.S. economy, with GDP tracking 3.7% q/q (annualized). The August reading of CPI showed inflationary pressures accelerated…
Financial News for the Week of September 8th, 2023
Financial News Highlights Hard economic data was thin on the ground over the Labor Day shortened week, with survey indicators and Fed speakers grabbing attention. A slew of Federal Reserve speakers hint that the central…
Financial News for the Week of September 1st, 2023
Financial News Highlights The U.S. economy added 187k jobs in August, but revisions to the two prior months subtracted a notable 110k jobs…
Financial News for the Week of August 25th, 2023
Financial News Highlights Speaking at the Jackson Hole Economic Symposium on Friday, Chair Powell noted that some progress had been made on the inflation…
Financial News for the Week of August 18th, 2023
Financial News Highlights The big news this week was U.S. Treasury yields reaching the highest point since 2007 thanks to a string of positive economic…
Financial News for the Week of August 11th, 2023
Financial News Highlights The U.S. economy had good news on the inflation front this week, as core inflation ticked down in July, even as unfavorable…
Financial Advisor News for the Week of August 4th, 2023
Financial Advisor News Highlights Fitch became the second major credit rating agency to downgrade the U.S. from the top AAA rating, citing the growing fiscal debt burden and an erosion in governance. The U.S. economy…