Happy July! The first six months of 2022 have proven eventful with the U.S. Federal Reserve beginning the end of low interest rates and quantitative easing (bond buying), the invasion of Ukraine by the Russian Federation, and inflation at levels last seen in 1979-80. This has caused significant volatility in the market, especially in the 2nd quarter after GDP contracted 1.6 percent in the 1st quarter. While the market is anticipating a slowdown, consumers continue to spend and unemployment is low, even if rising. With much time left in 2022, expect more volatility even if gasoline prices and inflation begin to taper and the economic outlook begins to recover.
Topics:
Quick Recovery for Unemployment Rate
Life Insurance Living Benefits
Inflation Protection for Investment Dollars
The Potential Benefits of Roth IRAs for Children
