Our brand new Peek of the Week doubles down on the feelings of the American consumer: feeling blue. About half of Americans are spending less due to inflation and 79 percent of consumers anticipate business conditions to decline during the next 12 months. Investors are choosing to see the good with the fact that the Federal Reserve may slow its rate hikes, or may raise rates by less, since consumers are spending less and manufacturing growth has slowed.
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Today's Peek of the Week tells us how the Federal Reserve has stepped up their "anti-inflation campaign" in the last week, with the goal to slow inflation. Inflation has been high and is getting further exacerbated by the war in Ukraine and by China's virus lockdowns. So far, the American economy has avoided a recession but it has not avoided ongoing inflation.
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Have you ever heard the saying "a rosy view through the rearview mirror?" Economists have held back on expressing positive outlooks due to Omicron spread, and they were ultimately surprised by how things played out. Today's "Peek of the Week" details the number of #jobs that were added (rather than lost), painting a picture of a robust economic growth in the United States despite the supply chain issues and pandemic variants. We also discuss #Olympians who place in the top three and their rewards (NOT including the medals). Check it out!
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January presented us with a month of stock market decline but last Friday's gain "snapped a three-day streak of losses and left the S&P 500 up 0.8 percent for the week." Today's #PeekoftheWeek lists some possible reasons why the first weekly gain of the year took a few weeks to occur and how economic expansion is leading us to more space exploration. Take our "space economy" quiz to find out how much you know!
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