Happy Fall! The U.S. economy continues to grow at 4.0 percent according to the GDPNow ® model of the Federal Reserve Bank of Atlanta. Meanwhile, the partial U.S. government shutdown is now the longest in U.S. history, surpassing the 35 days the government was shut down ending in early 2019. The Federal Reserve cut interest rates in October by 25 bps points to between 3.75-4 percent, so interest rates are now 1.5 percent lower than they were in early September 2024. With a dual mandate of full employment and stable prices, it is too early to know if the Federal Reserve will cut interest rates again in December. But until then, it is likely the economy will remain strong. I hope you and your family have a blessed Thanksgiving. There is so much to be thankful for!
All the Best, Jon Gauthier, President, GWM
If you are not connected to GWM on LinkedIn, request a link at: Linkedin.com/in/jon-gauthier-cfp/. You can also catch up on our latest activities at our Web site, www.gauthierwm.com.
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Record Charitable Giving in 2024
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Beneficiary Designations: Who Gets the Money?
