Sharkey, Howes & Javer Sharkey, Howes and Javer

This week on “Inside the Economy”, we discuss the headline news of two bank failures as well as other economic data. Silicon Valley Bank (SVB) was taken into conservatorship by the regulators and forced the FDIC and Fed to act. How will this impact monetary policy in the coming months? Unemployment was mixed and other data points to inflation continuing to trend downward in the right direction.  Tune in to learn about this and more!
Key Takeaways:
2-year Treasury falls to around 4%
Unemployment up at 3.6%
Mortgage rates still around 6.6%

This week on “Inside the Economy”, we discuss the consumer and inflation. Over the past 2 years we have seen household savings decrease and shelter prices increase, yet we have seen historical wage growth and strong consumer spending. As the Federal Reserve continues its fight against inflation, what does that mean for the consumer and prices as we move further into 2023?  Tune in to learn about this and more!
Key Takeaways:
Q4 2022 GDP estimate 2.7%
Unemployment remains at 3.4%
Mortgages bump up to 6.6%

This week on “Inside the Economy”, we discuss important economic data. Inflation is trending lower, however it’s uncertain what it will take to achieve the Fed’s 2% target.  The housing market continues to soften, and corporate earnings are projected to be lower for 2023. State governments seem to have plenty of funding. Tune in to find out more!
Key Takeaways:
2-year treasury yield climbs higher above 4.5%
30-year mortgages move to 6.32%
Oil drops to around $76 per barrel

This week on “Inside the Economy”, we discuss jobs and the Federal Reserve. Jobless claims continue to decrease and unemployment remains at record lows. With a slowing economy, what will that mean for employment for 2023?  The Federal Reserve continues to raise rates with their most recent 0.25% increase in January. Will the data soften enough in 2023 to cause them to pause, or will they continue to raise rates? Tune in to learn about this and more!
Key Takeaways:
Headline inflation lowers to 6.5
Unemployment down to 3.4
Mortgages hover around 6%

This week on “Inside the Economy”, we discuss important economic data. The labor market remains strong even as the Fed raises rates. The housing market continues to soften and corporate earnings per share are projected to be lower for 2023. Will we see a recession this year? Tune in to find out more!
Key Takeaways:
2-year treasury yield remains above 4%
30-year mortgages move under 7%
Oil drops to around $80 per barrel

This week on “Inside the Economy”, we discuss the Federal Reserve. With inflation beginning to soften, and a Federal Reserve meeting upcoming in late January, all eyes are on the Federal Reserve to see what they do next. Will softening data in the housing, labor, and services market be enough to relax the FED, or will they continue to be aggressive with interest rates as they start the new year? Tune in to learn about this and more!
Key Takeaways:
2022 Q3 GDP adjusted higher
Unemployment down to 3.5
Mortgages get back to 6.5%