Prosperity Partners Blog
Sticky Inflation
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
Job Growth and Economic Growth
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
Another Strong Earnings Season
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
Does a Republican Sweep Matter for Investors?
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
Inflation—Not Back to Target, Not Enough to Derail a December Rate Cut
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
A Drama-Free Fed Meeting, Press Conference* and the Election
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
A Robust GDP and Muddy Jobs Report
The U.S. Bureau of Economic Analysis (BEA) reported that Gross Domestic Product (GDP) expanded at an annual pace of 2.8% in Q3, which was down from 3.0% in Q2.
The Interest Rate Paradox
The U.S. Bureau of Labor Statistics reported that the economy added a whopping 254,000 jobs in September, about 100,000 more than economists surveyed by Bloomberg had projected. The unemployment rate, expected to hold steady at 4.2%, slipped to 4.1%.
Happy Birthday
The U.S. Bureau of Labor Statistics reported that the economy added a whopping 254,000 jobs in September, about 100,000 more than economists surveyed by Bloomberg had projected. The unemployment rate, expected to hold steady at 4.2%, slipped to 4.1%.
Job Growth Blows Past Expectations
The U.S. Bureau of Labor Statistics reported that the economy added a whopping 254,000 jobs in September, about 100,000 more than economists surveyed by Bloomberg had projected. The unemployment rate, expected to hold steady at 4.2%, slipped to 4.1%.
A Fed Rate Cut and Your Mortgage Rate
A recent online advertisement from a major bank read, “The Fed just lowered interest rates. Could refinancing save you money?” There is an implicit assumption in the ad that the Fed’s half-percentage point rate reduction brought about a significant drop in mortgage rates shortly following the decision.
Boom – Fed Opts for 50
On Wednesday, the Federal Reserve announced a 50-basis point (bp, 1 bp = 0.01%) rate cut for the fed funds rate to 4.75 – 5.00%, its first reduction since 2020. The announcement marks the end of the most aggressive rate-hike cycle since 1980 when the Fed funds rate rose a whopping 11 percentage points (1,100 bps) in just 6 months.