The Fed’s decision to raise rates modestly and signal a possible tempering of monetary tightening going forward will no doubt be re-evaluated at the end of this week with the release of important inflation indicators for February. All indications point to a US consumer that is still supporting the economy with quite strong spending, sustained by increases in personal income and employment. The longer financial instability persists, the less likely it will be that the Fed will be able to continue to raise rates and the Fed does have to pivot and possibly cut more quickly. Last week, various benchmark returns varied widely as the banking industry and recession worries weighed on value stocks and small-caps, while large-cap growth stocks benefited from falling interest rates. On the wealth planning front, we discuss ‘Tax Day’ and provide updates on federal and state tax filing deadlines.
Click Here to Read the March 27, 2023, Economic Commentary
Click Here to Read the March 27, 2023, Investment Commentary
Click Here to Read the March 27, 2023, Wealth Planning Commentary
