US inflation continued to slow in December, adding to evidence price pressures have peaked and putting the Federal Reserve on track to again slow the pace of interest-rate hikes.
According to Bloomberg Economics, the labor market is cooling but only very gradually. That pace is too slow to stop inflation from spreading to various sectors.
During the last week of the year, there was not a lot of activity on Wall Street.
Some of the most frequently asked questions we receive from self-employed individuals revolve around the different retirement plans available to them and their employees.
The biggest challenge the Fed faces is psychology. What Chairman Powell and his colleagues fear the most is that inflationary expectations will become entrenched by households and businesses.
If you will be eligible for student loan forgiveness and would like to plan for how this will affect your budget and retirement savings, please reach out to your advisor at SGK Wealth Advisors to address your specific situation.