The testimony before Congress this week by Fed Chairman Jerome Powell will shed critical light on the Fed’s thinking as it approaches its next FOMC interest-rate setting meeting on March 21-22. While it is highly unlikely that he will be very specific about the much-debated “terminal rate”, it is reasonable to expect that he will spend some time parsing both the current rate of inflation and the present state of the US economy. Macro-optimism catalyzed a risk asset rally. Almost everything went up, especially securities sponsored by financially weak companies. Last year’s losers have turned into this year’s darlings (so far). On the wealth planning front, we discuss childfree individuals and families and the importance of having a wealth plan despite not having children.
Click Here to Read the March 6, 2023, Economic Commentary
Click Here to Read the March 6, 2023, Investment Commentary
Click Here to Read the March 6, 2023, Wealth Planning Commentary
