Financial Focus – May 24th, 2023
Tune in to this week’s edition of Financial Focus with Nate Kreinbrink and Mike Steigerwald as they navigate the urgent issue of the debt ceiling predicament in Washington and its impact on your retirement.
A Win On The Inflation Front
It’s time for 4 Your Money! The latest inflation number came in slightly below expectations. David Nelson explains if this is a positive sign.
Yearly Momentum
OVERVIEW The three major U.S. stock indices ended the week on a positive note, with both the Nasdaq and S&P 500 achieving their highest weekly close since August 2022. The Dow experienced a modest increase of 0.38%, while the S&P 500 saw a rise of 1.65%...
Sluggish
Sluggish growth continues to plague the U.S. economy. Retail sales and industrial production, both of which are strongly correlated with economic growth, came in unusually weak last month. The year-over-year change in retail sales, shown below, rose just 0.5% in...