The US economy continues to be very resilient. Pundits have been predicting a recession for a while, and many still are predicting one. A major reason for resilience has been the relative strength of the consumer. Employment levels have remained very strong with the unemployment rate at 3.8%. The September...
The national average mortgage rate has been climbing all year, from 6.42% at year-end to 7.19% as of 9/21/2023 (according to the St. Louis Federal Reserve). Bankrate.com has the average 30-year mortgage rate as high as 7.75%! Less than two years ago the rate was around 3.0%. What have been the ramifications...
The U.S. economy and consumers have been a lot more resilient in 2023 than many expected. Entering the year, most economists predicted a recession due to the high inflation rate and the aggressive interest rate increases from the Federal Reserve. Flash forward to mid-August, and inflation has been declining for...
“Making sure everything is safe, secure, and suitable for our clients” is the way Brad Stark, new Compliance Manager at Sheaff Brock, describes his mission. A seasoned professional, Stark brings to his new role more than two decades of experience in financial trading, research, and interpretation of regulations. His impressive resume...
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