Sharkey, Howes & Javer

This week on “Inside the Economy”, we discuss the FED and the consumer. With the upcoming FED meeting this week, we are seeing the market has already reacted to the potential of raising of rates in the somewhat near future. But with the yield curve already flattening and mortgage rates rising, what do we anticipate from the FED over the next 12 months? The consumer is still King as we see consumer spending continuing to rise into the holidays, delinquency rates in single family homes moving down, home sales increasing, and unemployment numbers getting back to pre-covid levels. Tune in to learn about all this and more! Key Takeaways: - Projected US GDP comes in at 2.0 YOY for the 3rd Quarter 2021 - Wages and salaries continue to increase at a steady pace - Crude Oil up to $83 due to tight supply - S&P 500 companies with record high profitability