This week the Investment Office expects the Federal Reserve to continue raising policy rates towards 4.0% pushing the U.S. economy towards a demand recession to bring inflation under control and potentially higher downside risks to markets. Our base case is further volatility, slowing growth and slowing but persistently high inflation. On the economic front, the U.S. markets continue to digest an outlook for a tight labor market and rising interest rates, with some encouraging signs on the inflation front, but Europe confronts a completely different set of immediately critical issues regarding the decision by Russia to cut off the flow of natural gas to Europe. At the same time, another major economic power, China, is also pursuing expansionary fiscal and monetary policy in an effort to raise its economic growth rate. In short, global economic policy is now substantially uncoordinated. Our Head of Wealth Planning discusses the potential opportunity to reduce estimated tax payments that are due on September 15th.
Click Here to Read the September 6, 2022 Economic Commentary
Click Here to Read the September 6, 2022 Investment Commentary
Click Here to Read the September 6, 2022 Wealth Planning Commentary
