Additional data this week is expected to confirm the ongoing strength of economic growth in the United States and the economic resilience of Europe in the face of rising interest rates and the disruptions of the war in Ukraine. Labor markets in both regions remain tight, while businesses are signaling a growing optimism over the ability to fill job openings and maintain normal operating schedules. Stocks fell sharply following worrisome signs that inflation might have reversed course and accelerated again as the year began. Expectations that the Fed would begin cutting rates in the fall dwindled considerably. Last week’s data sparked a sell-off in US Treasuries, with the yield on the benchmark 10-year US Treasury note nearing 4.00% for the first time since mid-November. On the wealth planning front, we discuss Qualified Personal Residence Trust (QPRT), an estate planning strategy that aims to transfer the primary residence of the grantor to beneficiaries at a discounted value.
Click Here to Read the February 27, 2023, Economic Commentary
Click Here to Read the February 27, 2023, Investment Commentary
Click Here to Read the February 27, 2023, Wealth Planning Commentary
