Earlier this week, the Federal Reserve instituted their third 0.75% interest rate hike in as many meetings, bringing the federal funds rate to a range of 3.0 to 3.25%.
The first half of 2022 featured the worst returns for equities since 1970, and has understandably left many investors reflecting on past investment decisions and contemplating how they can best position their portfolios for both the remainder of 2022 and the years to follow.
Last week, during the Fed’s wildly anticipated annual Jackson Hole meeting, Chairman Jerome Powell delivered hawkish remarks on the economy and the degree to which the central bank is going to focus, at all costs, to bring down inflation.
On-Demand Webinar: 2022 Perspective – Current Environment and Thoughts on the Future with Dr. David Kelly
Withum Wealth Management hosted a fireside chat with guest Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan. We discussed global economic trends as well as the current geopolitical conflicts and how they impact markets and investors.
Filling up my SUV with gas over the weekend – the pump stopped at $100.00. While this transaction was done, I was not. I replaced the nozzle, drew another credit card from my wallet and started phase two of refueling, which was a much more palatable $27.12*. As I recall, when I first got my driver’s license, I could get lunch and fill up my tank with a $20 bill. Thinking to myself - how can a young person now afford to get gas? One tank today would have cost me an entire paycheck at my part time job during high school. Then again, I was making $4 an hour back then. I might be showing my age.