Over the weekend we reflected on the sobering tragedy that took place on September 11, 2001. Each year that passes, the impact gets a little farther away, but we will never forget about the lives lost and the people who took those lives. We all take a pause to memorialize this somber day and those who perished that day.
The markets too, have taken a pause this past week with Wall Street observing the 20th anniversary of 9/11 on Friday in the heart of New York City. The DOW, S&P, and NASDAQ were all down this last week, but it is important to remember that those markets are all up in the double digits year to date. Trading volume is low at the outset of September but that is likely due to the labor day weekend and the 9/11 memorial weekend.
The Federal Reserve has been hinting there won’t be much change to interest rates anytime soon. But there is a possibility that the high inflation rate may force their hand to raise rates.
The producer price index has increased dramatically year over year to date. Much of this is due to the supply chain constraints that are a direct result of the slow return of workers to the labor force. While the additional federal unemployment benefits have been discontinued as of September 1, we will likely see the return to the workforce ramp up but it may take several months to see it have a positive impact on the supply chain.
To find out more, take a listen to this weekend’s episode.
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