Join wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matt McElroy in this engaging episode of The Free Retiree Show. In this mid-year economic report, they analyze the economic conditions of the first half of the year and provide insights into what the second half may hold.
Drawing from JP Morgan’s mid-year economic report, Lee, Sergio, and Matt explore key factors that impact the economy and provide valuable information for listeners to consider. They begin by discussing the challenges of reducing inflation, which has been influenced by factors such as the COVID-19 pandemic and the timeline for vaccine distribution.
In this episode, you’ll learn:
- An overview of the economic conditions for the first half of the year based on data from JP Morgan’s mid-year economic report.
- Insights into the factors influencing inflation and its current trends, including year-over-year CPI inflation and the Federal Reserve’s interest rate hikes.
- The impact of interest rates on mortgages, core goods inflation, and the significance of PCE core inflation in understanding overall inflation patterns.
- Predictions for future interest rate hikes and the potential timeline for their implementation.
- Analysis of Gross Domestic Product (GDP) measurements and projections for the economy in the fourth quarter of 2023 and the first quarter of 2024.
- Examination of supply chains, including improvements in shipping costs, container ship capacity, and delivery times, and the potential impact on the prices of goods and services.
- Insights into the stabilization of the housing market, including housing starts, existing home sales, and home builder sentiment.
- Discussion on lending growth in regional banks, their reduced forecasts, and the challenges they may face in the current interest rate environment.
As the episode concludes, Lee, Sergio, and Matt invite listeners to like, share, and subscribe to The Free Retiree Show. They encourage listeners to send in their financial questions to ask@thefreeretiree.com. Tune in to gain valuable insights and make informed decisions about your finances and retirement plans.
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