A sign of things to come: corporations doing more with less.
https://t.co/5Qz26mLbjy plans to lay off as many as 30,000 corporate workers starting as early as Tuesday https://t.co/DVQNa0dPSw via @WSJ
“And He was transfigured before them and his face shown like the sun…“ – Matthew 17:2
The Glory of Christ is more magnificent, more powerful, and more awe inspiring than the blazing sun itself.
For the Christian who believes that Jesus was raised from the dead, there’s always hope. If that hope is not realized in this life, it will be in the next.
Fed likely to pause at this meeting, but don't be surprised if we get another .25% increase at least before year end. Inflation isn't under control yet.
The 10-year government bond reached the highest level since 2008 and mortgage rates are a little higher than 7.5%. Expect rates to stay higher for longer.
Inflation number (CPI) came in yesterday still way above the Fed's target. Unless inflation takes a dive in the next few months, the Fed may resume raising rates in the second half of the year rather than cutting.
The American Trucking Association's Truck Tonnage Index was down in March to its lowest level since the pandemic. There are other signs pointing to trouble in the freight sector. Freight weakness is often a leading indicator of recession.
God is not simply good, but he does good: “You are good and and do good….” - Psalm 119:68. Second by second, good actions flow from His good character.
The Leading Economic Index was down again for March. It is at its lowest level since November of 2020. It would be wise to continue to prepare for a recession.
Want to better understand the recent banking failures and how it affects your money? Check out this week's episode of Money Matters with Chad P. Wilson.
https://t.co/5SmwOWrywC
Inflation report this week shows it continuing to wane - but we've got a long way to go. The Fed may find itself in a conundrum with inflation getting stuck in the 4-5% range, but with market turmoil as a side effect of higher rates. Expect more volatility this Spring.
The ISM Manufacturing Index for February remained in contraction territory. Bottom line: manufacturers are not producing as many goods because they see the U.S. Consumer slowing down in the future.
The Fed's preferred inflation gauge (Personal Consumption Expenditures) bumped up a bit in January. The Fed has further to go on fighting inflation. A Prime rate of 9% may not be that far away.
Retail sales came in hot in January. Good news, in terms of potentially delaying the timing of recession in the short-term, but bad in terms of forcing the Fed's hand to keep raising rates to cool the economy down. Prepare for the Fed goes higher than most people currently think.
The January ISM Index, an indicator of whether the manufacturing sector is expanding or contracting, came in lower than expected and further in contraction territory. Bottom line is that demand for goods continues to weaken, strengthening the theme of a pending slowdown.