Sharkey, Howes & Javer

This week on “Inside the Economy”, we discuss important economic data. Inflation is trending lower, however it’s uncertain what it will take to achieve the Fed’s 2% target. The housing market continues to soften, and corporate earnings are projected to be lower for 2023. State governments seem to have plenty of funding. Tune in to find out more! Key Takeaways: • 2-year treasury yield climbs higher above 4.5% • 30-year mortgages move to 6.32% • Oil drops to around $76 per barrel

This week on “Inside the Economy”, we discuss jobs and the Federal Reserve. Jobless claims continue to decrease and unemployment remains at record lows. With a slowing economy, what will that mean for employment for 2023? The Federal Reserve continues to raise rates with their most recent 0.25% increase in January. Will the data soften enough in 2023 to cause them to pause, or will they continue to raise rates? Tune in to learn about this and more! Key Takeaways: • Headline inflation lowers to 6.5 • Unemployment down to 3.4 • Mortgages hover around 6%

This week on “Inside the Economy”, we discuss important economic data. The labor market remains strong even as the Fed raises rates. The housing market continues to soften and corporate earnings per share are projected to be lower for 2023. Will we see a recession this year? Tune in to find out more! Key Takeaways: • 2-year treasury yield remains above 4% • 30-year mortgages move under 7% • Oil drops to around $80 per barrel

This week on “Inside the Economy”, we discuss the Federal Reserve. With inflation beginning to soften, and a Federal Reserve meeting upcoming in late January, all eyes are on the Federal Reserve to see what they do next. Will softening data in the housing, labor, and services market be enough to relax the FED, or will they continue to be aggressive with interest rates as they start the new year? Tune in to learn about this and more! Key Takeaways: • 2022 Q3 GDP adjusted higher • Unemployment down to 3.5 • Mortgages get back to 6.5%

This week on “Inside the Economy”, we discuss the economic health of the consumer and corporations. For the consumer, hourly wages have leveled off and personal savings have decreased. Housing continues to be a sticking point for the consumer with the house-price index coming down and home equity withdrawal on the rise. Corporations on the other hand show strong profit margins despite sticky inflation, but what does that look like for 2023? Tune in to learn about this and more! Key Takeaways: • Oil drops to low $70s • 3rd Quarter GDP revised up to 2.9 • Mortgage rates under 6.5%

This week on “Inside the Economy”, we discuss consumer spending and the progress in the inflation battle. Inflation data, represented by the CPI index, has trended down. However, unemployment remains low lending it’s way to sustained strength in consumer spending. Will the conflicting data keep the Federal Reserve on their rate hike campaign, or will they slow down going into 2023? Tune in to find out more! Key Takeaways: • 2-year treasury yield remains above 4% • 30-year mortgages move under 7% • Oil drops to around $80 per barrel

This week on “Inside the Economy”, we discuss the U.S. economy and the stock market. With the most recent year over year inflation number coming in lower than expected, what does that mean for the U.S. economy moving forward and will inflation continue to soften as we move into 2023? The stock market has shown some life over the past 2 weeks, but how do the Mid Term elections and a strong dollar fit into the equation? Tune in to learn about this and more! Key Takeaways: • Oil hits $88 a barrel • Unemployment ticks up slightly • New mortgage rates above 7

This week on “Inside the Economy”, we look at U.S. consumer, corporate and government data. Consumers have more in their checking and savings then they did pre pandemic. Inflation seems to be impacting some ways in which we spend but the aggregate remains up. Corporate profit margins remain elevated. Will the estimates continue to trend up into 2023? Tune in to learn more! Key Takeaways: • 2-year treasury yield is above 4% • 30-year mortgages are above 7% • The federal deficit contracts from 2020 and 2021

This week on “Inside the Economy”, we discuss the Federal Reserve & housing. With the upcoming Federal Reserve meeting in early November, the economy and the consumer are waiting to see where interest rates go. Will it be enough to dampen inflation as we move closer to 2023? The housing market continues to soften with mortgage rates above 7% and new loan applications at pre-pandemic lows. Why have prices remained steady and what does that mean for the housing market going forward? Tune in to learn about this and more! Key Takeaways: • Oil is back above $85 per barrel • Jobless claims remain at lows • Outstanding consumer credit is on the rise • Manufacturing remains strong

This week on “Inside the Economy”, we take a thorough look at the data. Treasury yields have continued to rise as the Federal Reserve maintains their mandate to break inflation and stabilize prices. The consumer is still spending, and the job market continues to remain strong. Where will the cost of money be at the end of the year? Tune in to learn more! Key Takeaways: • 2-year treasury yield is above 4% • 30-year mortgages are closing in on 7% • Oil continues to decline, down almost 40% YTD

This week on “Inside the Economy”, we discuss the consumer & the U.S. economy. With inventory levels on the rise, the Federal Reserve continuing to raise interest rates, and gas prices moving back down, the U.S. consumer is hoping for inflation to cool as we move into the end of the year. With many saying that the U.S. Economy is heading for a recession, what does that actually mean for the stock market and what can we learn from the past? Tune in to learn about this and more! Key Takeaways: • Oil drops below $90 • 30-year mortgage rates above 6% • Natural gas prices continue to rise • Mortgage delinquencies & foreclosures at all-time lows

This week on “Inside the Economy”, we discuss jobs and housing. Layoffs and initial jobless claims remain at low levels, along with increases in the labor participation rate. Mortgage payments as a percentage of income have jumped as we continue to see mortgage rates increase and home prices adjust down, but how is this different from what we saw in 2008? Tune in to learn about this and more! Key Takeaways: • Jobless claims hold steady • Corporate profit margins on solid footing • Mortgages approaching 6% • Consumer spending starting to slow

This week on “Inside the Economy”, we discuss inflation & housing. The Consumer Price Index shows us that inflation may have hit its peak, but goods and services spending remain strong and the Fed continues to show its willingness to raise rates to try to tame inflation. The supply of homes in the U.S. has risen as new loan applications fall with the increase in mortgage rates, but what does that mean for the housing market going forward? Tune in to learn about this and more! Key Takeaways: • US industrial production continues to rise • Used car market weakens • Oil hovering around $90 • Mortgage rates back up above 5%

This week on “Inside the Economy”, we discuss consumer debt & real estate. Consumer debt continues to rise alongside a decline in the personal saving rate to pre-pandemic levels. Home prices have started to come down as mortgage rates rise above 5%, but what does this mean for new home buyers and the economy moving forward? Tune in to learn about this and more! Key Takeaways: • S&P 500 estimated earnings remain strong • Unemployment numbers shift lower • Oil back down to $90 • Major indices trend up in July

This week on “Inside the Economy”, we will dive a little deeper into June’s headline vs core inflation numbers. As oil drops below $100/barrel, will that signal the peak of inflation? In the housing market, loan applications decline to a level we haven’t seen in over two decades. Where will mortgage rates end up? Tune in to learn more! Key Takeaways: • 10-year treasury yield is around 2.9% • 30-year mortgages are closing in on 6% • Jobless claims tick up

This week on “Inside the Economy”, we discuss consumer prices and potential recession. As inflation continues to remain high, we are seeing increased gas & food prices but also lower logistics costs & home prices. What does that mean for our wallets in the coming months? There has been talk of recession, but what does that mean for the consumer and are there any surprises in the economy moving forward? Tune in to learn about this and more! Key Takeaways: • S&P 500 forecasted earnings remain strong • Oil back below $100 • U.S. Dollar continues to strengthen • New U.S. manufacturing construction hits new highs

This week on “Inside the Economy”, all eyes continue to be on inflation as well as mortgage rates. We’ve seen energy, metals and other commodities trend lower, which should create some relief in the overall inflation numbers. As the Fed continues to raise short term rates, mortgage rates continue to climb. This is creating some softness in home prices and new homes being built. Will this impact the rental market? Tune in to find out. Key Takeaways: • Oil falls off highs, down to $104 per barrel • 30-year mortgages are closing in on 6% • The 10-year treasury yield is above 3%

This week on “Inside the Economy”, we discuss consumer spending and housing. With credit card spending on the rise and savings rates moving down, how long will this strong consumer spending last? Net home sales have seen a national pullback, and with mortgage rates in the high 5% range, where do we think the housing market is going? Tune in to learn about this and more! Key Takeaways: • S&P 500 Price-to-Earnings ratio adjusts down to 16 • Oil above $120 • Core inflation sitting at 6% • Unemployment rate of 3.6%

This week on “Inside the Economy”, we discuss a full economic agenda including inflation, the stock market and news on global food supplies. Job openings continue to rise, and data suggest people 65 and older haven’t returned to the workforce since April 2020. Will we see this change due to higher gas and food prices? The stock market continues to experience volatility and how bad is the water crisis in the middle east? Tune in to find out. Key Takeaways: • Oil remains above $100 per barrel • 30-year mortgages are closing in on 6% • The 10-year treasury yield falls to 2.85%

This week on “Inside the Economy”, we focus on the latest reports and economic data. First quarter GDP numbers surprised to the down side and reported as -1.4% year over year. The contraction in GDP largely was due to the trade imbalance and less government spending. Will we see more negative GDP numbers in Q2? We also look at rising yields and mortgage rates. Will the Federal Reserve aggressively continue their rate hike campaign and what does that mean for the global economy? Tune in to find out. Key Takeaways: • Oil remains above $100 per barrel • 30 year mortgage rates climb above 5% • The 10 year treasury yield reaches 3%.