Thought of the Week / June 25, 2021 Unemployment Holds Steady Despite Available Jobs The Department of Labor released its weekly report on new jobless claims yesterday, June 24th. Last week’s jobless claims totaled 411,000, which is a slight decline from the previous week, but worse than the expected estimate of 380,000. This unexpected unemployment number is especially…

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Thought of the Week / June 18, 2021 Fed Moves Up First Rate Hike On June 16th, the Federal Reserve issued a press release following the conclusion of their 2-day meeting. They maintain the belief that the recent spike in inflation is the result of temporary factors. They stated that they remain committed to achieving maximum employment and…

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Thought of the Week / June 10, 2021 May 2021 Market Recap: o    SP 500 performance: 0.50%o    Dow Jones Industrial Average: 1.90%o    Nasdaq: -1.5%o    iShares Core U.S. Aggregate Bond ETF: 0.20%Market Recap Source  Events this Months:  Federal Reserve Announcement – June 2The federal reserve announced on Wednesday that they are going to start selling part of their…

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Thought of the Week / May 27, 2021 What is cryptocurrency? On May 23, Bitcoin was down more than 50% from it’s all-time high of $64,824 in mid-April and Dogecoin fell to 29 cents, down 60% from its peak earlier this month. Because of these all-time highs and lows, cryptocurrency has been in the headlines a lot. So what exactly…

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Thought of the Week / May 21, 2021 Inflation is at a 12-year high On Wednesday, May 12, the Bureau of Labor Statistics released numbers indicating that the Consumer Price Index for all Urban Consumers – All Items Index (CPI-U) has risen 4.2% since this time last year. This is the largest 12-month increase of inflation since…

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