The most recent reading on fourth quarter US economic growth by the Atlanta Fed GDPNow model has fallen consistently and now hovers at 1.2%, which may cause most of the press conference questions to focus on economic activity, not inflation. On Wednesday, the Federal Reserve left interest rates unchanged, and U.S. central bank chief Powell said the historic tightening of monetary policy is likely over as inflation falls faster than expected with a discussion of cuts in borrowing costs coming “into view.” He said that rate increases were “not the base case anymore” and the Fed is “very focused on not making the mistake of keeping rates too high for too long.” On the wealth planning front, we discuss creative ways to gift this holiday season.
Click Here to Read the December 11, 2023, Economic Commentary
Click Here to Read the December 11, 2023, Investment Commentary
Click Here to Read the Decembr 11, 2023, Wealth Planning Commentary
