Q4 Economic Commentary: Lowering Expectations For 2023
We expect the Federal Reserve to continue battling inflation into 2023, potentially triggering an uptick in unemployment and downtick in economic growth.
$10,000 of My Student Loans Are Being Forgiven. Now What?
President Biden announced last week a program to forgive $10,000 ($20,000 for Pell grant recipients) of student loan debt per person. To qualify for the forgiveness program, one must have student loans with the federal government (versus a private bank) and make under $125,000 per year. This means that a family filing their taxes jointly …
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Will the Inflation Reduction Act Reduce Inflation? How to Take Advantage of the New Law
The Inflation Reduction Act (IRA) just passed in both the House and Senate and is expected to reach President Biden’s desk for final ratification this week. The description of the bill from the democrats in the Senate is: “The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight …
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Straight Talk on Recession Risk – What We’re Seeing & Doing
In May we indicated we were not yet seeing signs of an economic recession developing. Six weeks later, the risk of an economic contraction is increasing.
Updates on the Economy, Stocks, Inflation, and Interest Rates
The stock market, as measured by the S&P 500, is currently down for its 8th week in a row, falling close to 20% year-to-date. The main reason for the decline is that investors are nervous about whether the economy is heading into a recession. Specifically, they are worried that the Federal Reserve, in its fight …
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