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Personal Income Growth and Interest Rates

 August 9 2017
Reports illustrate that personal income was essentially flat in June. Decreases in personal dividend and interest income partially offset a 0.4% monthly gain in wages and salaries which points to a moderate pace of consumption growth in the third quarter. We think this will translate into smaller interest rate increases.  The Commerce Department said that consumer spending, w...

Economic Update & Outlook

 July 24 2017
The headline consumer price index (CPI) was unchanged in June. A 1.6% drop in energy prices in the month and flat food prices offset a 0.1% increase in core prices. Inflation on a year-on-year basis continued to cool, and now sits at 1.6%, the lowest reading since last October. Core inflation was 1.7% year-over-year basis in June, matching the previous months' pace. Retail sales dropped 0.2% in...

Fed Raises Interest Rate and Expects to Normalize Balance Sheet

 June 15 2017
As expected, the Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by 25 basis points to between 1 and 1-1/4 percent. The Committee also expects to begin normalizing the balance sheet later this year, having outlined a plan to gradually reduce its holdings by tapering reinvestments in its Treasury and MBS portfolio. The Fed expects to cap runoff at $10 billion...

The Fed Raises Interest Rates, Impact on Trade

 March 22 2017
As expected, the Federal Open Market Committee (FOMC) announced an increase in the federal funds target rate of 0.25 percentage points to a range between 0.75% to 1%. The Committee's assessment of the economic outlook noted ongoing progress toward the Fed's dual mandate. The unemployment rate saw little change and inflation moved "close to the Committee's 2% longer run objective."   The F...

More Positive Economic Data Amid Fed Rate Hike

 December 21 2016
A series of data releases last week continue to paint a picture of a broadly improving economy that likely contributed to the Fed raising short term interest rates and indicating that rate increases may accelerate in 2017. Jobless claims, inflation and builder sentiment reports all indicated positive trends on top of previous upward movements. First time unemployment claims fell 4,000 for the we...

Year End Tax Savings Strategies: A Few Thoughts

 December 5 2016
The holidays are here and the elections are finally over. We have less than one month to take advantage of tax saving strategies for 2016. Here are a few ideas we discuss & implement with our clients: Donate to Charity – Appreciated Stock Charitable giving can be a great way to potentially lower taxes in addition to contributing to worthy causes. Instead of giving cash, consider donati...

Inflation Rises and Housing Market Recovery

 October 28 2016
Core inflation and housing starts are two important pieces of economic data which we track on a monthly basis. The rising cost of goods may spur higher interest rates. Increasing housing starts indicate a growing economy and wage growth. We see both of these indicators on a positive direction. Inflation Core inflation seems to be stuck around the 2.2-2.3% mark, as the strong U.S. dollar has ...

Economic & Market Update

 August 31 2016
We expect 2016 real global GDP to grow at a 3.0% rate. U.S. growth should be about 1.5%-2.0%. The probability of a U.S. recession remains low. In Europe, a 2.0% real growth rate has been projected. Uncertainties surrounding these projections have increased as a result of Brexit and slower than expected growth in the U.S.

No Risk? No Way!

 August 31 2016
Investing for retirement is a big deal. The last thing you want is for your investments to lose value. If you’re worried that a drop in the stock market will tank your retirement savings, you may be tempted to fill your portfolio with low-risk cash alternative investments, such as funds holding short-term securities that can be readily converted to cash.* But if you do, you’ll be tradi...

Home Sales on the Rise, but is Credit too Easy?

 July 29 2016
Existing home sales increased by 1.1% m/m to 5.57 million (annualized) in June. This was the fourth consecutive increase. The pickup in activity was broad-based, showing increased sales in both single-family homes and the condo/co-op segment. Home prices have also increased, with first-time home buyers accounting for 33% of all transactions. This increase marked an improvement from the 30% share r...
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