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Economic update for the week ending September 24, 2022

Sep 26, 2022 Stock markets had another disastrous week - The Fed increased their key rates by another .75% on Wednesday. They also said that they expect to increase rates by another 1.25% by the end of the year. Stocks slid, and bond yields and mortgage ra...

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Economic Update for the week ending August 27, 2022

Aug 27, 2022 Stocks sold off Friday to end the week down sharply - After Federal Reserve Chairman Jerome Powell’s speech at the Fed’s annual symposium in Jackson Hole on Friday the Dow dropped more than 1,000 points, a 3% drop. The S&P dropped by 3.4%,...

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Economic update for the week ending August 6, 2022

Aug 6, 2022 The U.S. economy added 528,000 new jobs in July - The Department of Labor and Statistics reported that 528,000 new jobs were added in July. This massive number of new jobs created was over double the 250,000 new jobs that analysts had expec...

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