Resources

By Dr. George Calhoun – Vestbridge Advisors, Inc. Advisory Board Member Executive Director of the Hanlon Financial Systems Center

“Columbus dreamed of an unknown shore at the rim of a far flung sky.”
– EDGAR ALBERT GUEST –

Market expectations have shifted to embrace the “soft economic landing” narrative, however the economic strength that has postponed a recession has also given the Federal Reserve (the “Fed”) leeway to keep interest rates elevated for a longer period.

By Dr. George Calhoun – Vestbridge Advisors, Inc. Advisory Board Member Executive Director of the Hanlon Financial Systems Center

On September 15, more than 12,000 autoworkers from the United Autoworkers Union (UAW) walked off the job as contract negotiations with Ford, GM, and Jeep-maker Stellantis have yet to produce a new contract for the 146,000 active union members at the three companies.

Over the weekend, Moody’s Investors Service, one of the three main credit rating agencies, signaled the US Sovereign Credit Rating could be subject to a future downgrade by changing the assigned Outlook from Neutral to Negative.

“It has been said, ‘time heals all wounds.’ I do not agree. The wounds remain. In time, the mind protecting its sanity, covers them with scar tissue and the pain lessens. But it is never gone.”
– ROSE FITZGERALD KENNEDY –

September 8, 2023 The Fed has hiked rates eleven times since March 2022. The driving force behind the market’s ups and downs since then has been Federal Reserve policy and inflation data, with corporate earnings yielding center stage. The focus on macroeconomic data and central bank policy was warranted coming off an unprecedented global shutdown…

“All labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence.”
– MARTIN LUTHER KING JR. –

The Federal Reserve Bank of Kansas City will hold its 46th annual Economic Policy Symposium this week in Jackson Hole, Wyoming.