Our economy is large and complex. Assessing its health and likely path requires examining many different measures, all of which are interconnected to some degree. One of the most relevant variables is the rate of inflation. In its most basic form, rising prices stem from too many dollars (i.e. demand) chasing too few goods and services (supply). Other factors, such as tariffs, can also have a significant impact. There are currently differing schools of thought about the outlook for inflation among both economists and investors, creating heightened uncertainty.

After months of speculation and political back-and-forth, the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. It’s the most comprehensive tax legislation since the Tax Cuts and Jobs Act of 2017, It’s the most comprehensive tax legislation since the Tax Cuts and Jobs Act of 2017, permanently extending many familiar provisions, such as the 10%, 12%, and 22% tax brackets, the enhanced standard deduction ($15,750 single, $31,500 married filing jointly), and the 20% Qualified Business Income (QBI) deduction.

Attempting to revitalize our manufacturing economy and make the United States less dependent on foreign trade, President Trump unveiled his list of global tariffs April 2nd on “Liberation Day.”  The scale and scope of the shockingly high tariff levels initially slapped on our trading partners could have significant negative implications for both the U.S. and global economies.

Most investors would agree that financial markets can be highly unpredictable, generally more so in the near-term than the long run. Many factors influence the prices of securities, some on an individual basis, others at a macro…

The Federal Reserve recently concluded its most aggressive interest rate hikes in 40 years, moving the Fed Funds rate to a 23-year high…

Seeking to lower inflation, the Federal Reserve began raising borrowing costs in March 2022 and held them at the highest level in more than two decades over the past year. Recent data…

Having raised interest rates sharply between 2022 and the middle of last year to curb inflation, Federal Reserve officials entered this year expecting to reduce borrowing costs. Unfortunately, a resurgence of inflation above expectations early this year upended that plan…

The U.S. economy continues to outperform expectations. Aggressive interest rate increases by the Federal Reserve to slow the economy and combat a spike in inflation following the pandemic were widely predicted…

Despite the volatility, stocks have performed well this year. Year-to-date through the end of November, the S&P 500 has gained 19%. With all the uncertainties facing investors at this time last year, many have been surprised by the market’s advance this year.

At the beginning of this year, many economists forecast a significant recession to materialize by now. Instead, the economy has continued to grow despite the strong headwind from much higher interest rates. With inflation waning and continued broad-based momentum in…