US Economy grows 3.1% in 3rd quarter
The U.S. economy continues to showcase resilience. In the third quarter of 2024, GDP growth was revised up to an impressive 3.1%, fueled by robust consumer spending and an uptick in exports. Notable highlights include:• Consumer Spending: Expanded at a 3.7% annual...
Fed Cuts rate by a quarter point
The Federal Reserve's decision to lower interest rates by a quarter percentage point marks a strategic recalibration in its monetary policy. This third consecutive cut in 2024 brings the rate to a target range of 4.25%-4.5%. While the move aims to balance inflation...
Going Solar at Private Wealth Management of Coral Gables
The journey toward a cleaner, greener future is well underway as our office takes the leap into solar energy with the installation of rooftop solar panels. This initiative reflects our commitment to environmental sustainability and serves as an example of how...
Thoughts on the 10 Year Treasury
We have been receiving a lot of questions regarding interest rates and specifically the 10 year treasury. This important rate can affect stock market valuations, mortgage rates, the economy and even global financial markets. The movement of the 10-year U.S. Treasury...
The Bullish Economy Post Election
⁃ Economic Growth Outlook: Increased optimism that economic growth will persist in 2025 and through the end of the decade. ⁃ Stock Market Surge: Stock market has historic surge post-election indicates investor confidence in Trump’s economic policies. ⁃...
The Bullish U.S. Economy
In recent economic analyses, the United States has presented a picture of robust growth, significantly altering the narrative from potential downturns to one of sustained expansion. Here's a detailed look at the factors that are fueling this bullish economic...
Inflation Slows to Lowest Level Since Early 2021
The latest inflation report shows that consumer prices rose at the slowest pace in over three years, with the Consumer Price Index (CPI) increasing by 2.5% year-over-year in August. This marks a significant deceleration from July's 2.9% annual increase. The monthly...
Powell’s Jackson Hole Commentary
The recent statements by Fed Chair Jerome Powell at the Jackson Hole conference indicate a significant shift in monetary policy. Powell's acknowledgment that "the time has come for policy to adjust" signals a move toward interest rate cuts, a stark contrast from the...
Wine Tasting at 141 Miracle Mile
At our recent wine tasting event at the office, we had the pleasure of bringing together great minds and even better conversations over a selection of fine wines. It was an evening filled with rich flavors, engaging discussions, and a wonderful opportunity to connect...
Market Turmoil: Dow Drops Over 1,000 Points
Today, the Dow Jones Industrial Average took a significant hit, dropping over 1,000 points, while the Nasdaq plummeted by 6%. This sharp decline is part of a global market sell-off driven by fears of a U.S. recession.The catalyst? A disappointing July jobs report and...