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Will a Recession Arrive in 2020?

We’ve enjoyed several years of economic recovery and upswing, but could another recession be looming on the horizon? Some experts seem to think so, although nothing is set in stone at this time. Recently, Duke University’s Fuqua School of Business surveyed CFOs on their opinions of a recession in the near future. Respondents predicted our [...]

By |2019-05-20T09:36:10-05:00May 28th, 2019|The Economy|0 Comments

Will Consumer Confidence Drive the Economy?

Back in October 2018, the Conference Board Consumer Confidence Index reached its highest level since September 2000, even in the midst of a stock market slide and fears of inflation and rising interest rates. Another measure of consumer confidence, the Michigan Index of Consumer Sentiment, remained higher in 2018 than in any year this century. [...]

By |2019-05-13T09:17:17-05:00May 13th, 2019|The Economy|0 Comments

No More Rate Hikes in 2019?

Back in December, the Fed established benchmark federal funds rates at 2.25 to 2.5 percent, and we’ve all been watching for (and trying to predict) news of any changes. Now, after the Federal Open Market Committee (FOMC) meeting on March 20, along with other news, we have an answer: It looks like the Fed won’t [...]

By |2019-05-03T12:59:47-05:00May 3rd, 2019|The Economy|0 Comments

How Will the Federal Rate Hike Affect You?

For Mark Roberts' Use: Last month, the Federal Reserve announced a rate hike. The benchmark federal funds rate was increased by 25 basis points, which translates to a 1.5 to 1.75 percent bump. To explain the rate hike, the Fed stated, “the labor market has continued to strengthen and that economic activity has been rising [...]

By |2018-04-09T09:11:45-05:00April 9th, 2018|The Economy|0 Comments

Good News for the Economy: What’s Next?

For Mark Roberts' Use: Evaluating the state of the economy involves many factors, with the unemployment rate being one of the most critical. In 2017 we received the good news that our nation's unemployment rate has dropped to just 4.4 percent... So let's break down what that means, and what it doesn't mean. The good [...]

By |2018-02-05T11:16:21-06:00February 5th, 2018|The Economy|0 Comments

What Brexit Means for You

For Mark Roberts' Use: If you were surprised by the Brexit outcome on June 23, you weren’t alone. Going against polls that predicted Britain would remain with the European Union, voters actually decided to exit. And of course, markets responded negatively to the surprise. Stock prices dropped, rising bond prices caused interest rates to fall, [...]

By |2017-06-01T13:32:14-05:00July 4th, 2016|The Economy|0 Comments