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Federal Reserve and interest rates.

The Federal Reserve has changed the way it seeks to achieve its dual mandate of full employment and stable prices. The revision essentially translates to lower interest rates for longer than previously expected. The impact? Not much in the lives of most people. Potentially quite a profound one on inflation levels, which is precisely the point. The Fed is looking to increase inflation in the future by adjusting people’s expectations. In the short term, the change should continue to soothe the credit markets and help to dampen equity market volatility. Read more…

Unemployment.

The employment numbers show continued weakness in the labor market. The persistence of COVID-19 as the U.S. has continued along the reopening path has led to an uneven return to life for many Americans. Significant headwinds to a labor market recovery remain, including the ongoing pandemic and the drop off in stimulus benefits that have kept things afloat. Read more… 

Stimulus package.

Congress is getting closer to a replacement stimulus package, but significant debate remains on its size, scope, and overall objectives. Read more…

Presidential politics.

Brace for market movements ahead. The investing, political, cultural and health climate in the U.S. are all at max levels of uncertainty. Investing markets abhor uncertain times and can move in dramatic fashion with rapidly changing situations. Keep that in mind as we head into one of the most highly charged presidential elections of modern times. The relatively calm and steady market fluctuations over the past few months are unlikely to continue. While market movements may be unsettling, they are entirely normal and expected in the current national climate. Be sure to keep your longer term outlook front and center as you think about your investing goals. Read more…

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