Remove 2023 Remove Communication Remove Economics
article thumbnail

Cerulli: Gen X Presents the Next Great Opportunity for Financial Advisors

Wealth Management

As of year-end 2023, Gen X made up a quarter of U.S. In comparison, only 9% of advisors’ clients in 2023 were millennials or Gen Z members. Younger Gen Xers tend to be more akin to millennials, preferring shorter, more frequent digital communication from their advisors.

article thumbnail

FOMC Minutes: Staff Predicts Mild Recession; Additional Increases in Fed Funds Rate "Appropriate"

Calculated Risk

From the Fed: Minutes of the Federal Open Market Committee, June 13-14, 2023. Almost all participants noted that in their economic projections that they judged that additional increases in the target federal funds rate during 2023 would be appropriate. emphasis added

Economics 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FOMC Preview: No Change to Policy Expected

Calculated Risk

On the meeting this week from BofA: " We expect the Fed to stay on hold at the September FOMC meeting , consistent with recent Fed communications and current market pricing. The biggest focus of the September meeting should be the updated Summary of Economic Projections (SEP). Economic projections will be released at this meeting.

Banking 288
article thumbnail

FOMC Preview: 75bp Hike

Calculated Risk

In our view, based on the median policy rate path as expressed in the September SEPs and communication from some FOMC participants like San Francisco Fed President Mary Daly, the committee is likely to engage in a debate on the appropriateness of slowing the pace of policy rate hikes beginning in December. June 2022 1.5 June 2022 1.5

article thumbnail

MBA: Mortgage Applications Decreased in Weekly Survey

Calculated Risk

percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 19, 2023. debt ceiling and communication from several Federal Reserve officials last week, which sent Treasury yields higher, along with mortgage rates.

article thumbnail

Weekly Market Insights – October 23, 2023

Cornerstone Financial Advisory

Yields rose after traders speculated that strong economic data might persuade the Fed to raise rates. Economic Strength, Housing Weakness The economy continued to evidence surprising strength according to data released last week. 6,7 This Week: Key Economic Data Tuesday: Purchasing Managers’ Index (PMI). Durable Goods Orders.

Marketing 105
article thumbnail

Weekly Market Insights – October 2, 2023

Cornerstone Financial Advisory

Mixed Economic Signals Amid recent signs of a labor market cooling (a hopeful sign for ending rate hikes), last Thursday’s initial jobless claims report showed only a slight increase of 204,000. 6 This Week: Key Economic Data Monday: Institute for Supply Management (ISM) Manufacturing Index. In 2023, the standard mileage rate is 65.5

Marketing 111