Macro Economic Overview – Sept 2021

As the Delta variant has spread, many companies, schools, and government agencies have begun imposing vaccine requirements for employees and students. The World Health Organization has identified 20 Covid variants throughout the world, four of which are categorized as Variants of Concern (VOC). Supply chain disruptions brought about by the pandemic have fostered inflationary pressures not seen since the late …

Millions Spend Nearly Half Of Income On Rent – Housing Update

As home prices have soared over the past year and housing inventories have fallen, more and more families are being forced to rent rather than own. As the demand for rentals has been increasing, the level of homeownership has been falling. Some attribute this dynamic to a low inventory of homes on the market, while others blame speculation contributing to …

Why Bacon Is Getting More Expensive – Food Inflation

Various factors have contributed to bacon’s higher costs over the past year, including rising feed costs, processing costs, increased demand, and newly passed animal confinement rules. As the pandemic shuttered businesses over the past year and kept workers home, processing plants that produce meat products, such as bacon, weren’t able to fulfill demand. Grains and other feed products increased in …

Consumers Drive Economic Growth, Not Government – Consumer Expenditures

Each month the Department of Commerce releases its Gross Domestic Product (GDP) report. This report is the single most recognized indicator of how the economy is performing. GDP is made up of private consumption, gross investment, government spending, and net exports. The single largest contributor of these components is consumer consumption, making nearly 70% of GDP. Historical data provided by …

SNAP Benefits Up Over 35% in Past Year – Government Subsidy Benefits Overview

The U.S. Department of Agriculture announced that the Supplemental Nutritional Assistance Program (SNAP), also known as food stamps, will increase benefit payments by 25% starting in October. The increase is the largest ever for the 42 million recipients nationwide. The average monthly increase will amount to roughly $36 in food benefit payments per person. Data provided by the USDA showed …

How To Digitize Your Covid Vaccination – COVID Focus Update

As millions of Americans have now been vaccinated, the little white card showing proof of vaccination may eventually not suffice. Various schools, employers, and government entities are starting to require a digitized record of a Covid vaccination. Some states have already introduced apps that allow immunization records to be stored and displayed on mobile devices. It is suggested to check …

Global Equities Stay Steady In August – Equity Update

Global equity markets advanced in August amidst growing concerns surrounding Covid variant threats. Continued supply issues of critical components for various products weighed on earnings estimates, as many companies struggle to rebuild inventory. Higher prices for some services and products are sustaining revenues and margins for various companies. Major equity indices all posted higher gains in August, elevating both large …

Bond Yields Starting To Feel Pressure – Fixed Income Update

The Federal Reserve announced that it anticipates alleviating bond buying possibly later this year, yet with no imminent interest rate increases for now. The Fed’s pullback in bond buying is known as tapering when stimulus support starts to unwind. Ironically, any pullback in bond buying is expected to lead to higher rates, an indirect consequence of tapering. Yields on Treasury …

Some Jobs & Workers May Not Come Back – Labor Market Update

As the pandemic extended its damage to the economy over the past year, many employers who lost employees to generous unemployment benefits decided to not rehire. Many companies implemented automation and less worker-intensive processes in order to cope with the lack of workers. Employers adapted to a loss of workers and closures during the pandemic with creativity. Many companies decided …

Macro Economic Overview

An increase in confirmed Delta variant cases globally reignited concerns about the reimplementation of quarantines and social distancing restrictions. The rise in newly verified cases come as European countries had started to relax restrictions in place for nearly a year. In the United States, renewed mandates by the Centers For Disease Control & Prevention (CDC) are being criticized by some …