Cutting Through The Noise: December 2023
In the final Federal Reserve meeting of 2023, an optimistic shift in interest rate projections was positively received by the market. The job market showed resilience with growth and a decrease in unemployment, boosting consumer sentiment despite inflation concerns. Retail sales in November exceeded expectations due to lower gasoline prices, contributing to increased consumer spending. However, concerns arose from a noticeable increase in credit card balances. Despite challenges and risks, the overall economic outlook remains hopeful. Amidst these dynamics, it’s crucial to maintain a long-term financial plan.