Debra K. Brede

U.S. economic activity remained strong in 2023 as the economy withstood the initial shock associated with the rapid pace of monetary tightening.

A surprise increase in November retail sales dispelled lingering pessimism about the economy and reinforced growing sentiment that the U.S. could beat inflation without paying the price in significantly weaker growth. Also in November, the unemployment rate fell, inflation cooled, and the Federal Reserve pivoted away from raising interest rates while considering when to cut them. While further tightening has remained possible, it has grown less probable.

In our Q4 Economic & Market Commentary, we discuss the fourth quarter of 2023, recent market developments, and the outlook for the new year. Read our full Q4 Economic & Market Commentary here: https://hubs.li/Q02kMpS60

This summer’s combination of easing inflation and cooling labor market has fueled optimism that the U.S. economy could be on the cusp of achieving a soft landing, in which interest-rate increases corralled inflation without causing a recession. But soft landings are considered rare because they are tricky to pull off.

In our Q3 Economic & Market Commentary, we discuss the three factors that would explain why the U.S. economy keeps defying predictions of recession. Read our full Q3 Economic & Market Commentary here: https://hubs.li/Q026hG9R0

What does peace of mind mean to you? Emotions may not guide your investment decisions, but they certainly play a vital role in planning your financial future. We prioritize understanding our clients' needs and financial goals, as it forms the foundation of our work. Let us show you how we can deliver peace of mind.

Saving for retirement is an important first step, but defining what those savings are for is equally crucial. Knowing what truly matters in your life and effectively communicating it to your loved ones is a key element in achieving your retirement goals. Dive deeper into this topic and other essential aspects of a prosperous retirement in my book "You're Retired...Now What?". Order your copy now at: https://hubs.li/Q01ZtC7x0

Many retirement questionnaires focus solely on the financial aspects, neglecting the emotional side of retirement. However, emotions play a significant role in shaping our decisions. At the core of our work is understanding clients' fears, excitements, and desired retirement lifestyles. Take our free assessment to see if we're a good fit for each other: https://hubs.li/Q01ZtcN60

The delayed effects of monetary tightening and tighter credit availability should dampen U.S. economic growth going forward. However, the enduring strength of the labor market has shifted the expected start of the economic downturn closer to the end of this year or perhaps later. The peak-to-trough decline could be a modest 0.7%. https://hubs.li/Q01YPz0D0