The Markets
It’s gone better than expected.
The United States economy is not performing the way many predicted. Instead of tipping into a recession last year, the economy beat expectations. The value of all goods and services produced in the country, expanded 2.5 %, after inflation, for the year.
U.S. Economic Growth
1Q 2023: 2.2 %
2Q 2023: 2.1 %
3Q 2023: 4.9 %
4Q 2023: 3.3 %
Here’s some additional good news: Inflation continued to move lower while the economy grew last quarter. Recently, the personal consumption index reported that core inflation, which excludes food and energy prices, dropped from 3.2 percent to 2.9 percent.
Focus – Think About It
is a wonderful stroke of luck.
IMPORTANT REMINDER: I have a FIVE Star Fund that is yielding 6.65% and pays income monthly. It’s also liquid and could be an option to discuss if you are holding CDs. Please, reach out to me if you’d like to add some underperforming cash, savings, or CDs that you’d like to blend in with your holdings.
Best regards,
Bill