Economic Update! Exciting!

Big question: how’s the economy doing?

With the year more than half over and markets on a spree, it's an important question to consider.

Let’s dig into the latest data and find out.

Inflation continues its downward spiral.

The latest data for June shows that inflation fell for the 12th month in a row to an annual rate of 3%.¹

That's a significant improvement from June of last year when inflation soared to 9.1%.

It also puts the Federal Reserve in the difficult position of deciding whether or not to raise rates again after pausing in June.

Perspectives

Imagine there are 100 miles between you and a goal. A place you want to get to.

But the land in between is chock full of canyons, crevasses, and crumbling cliffs.

You have two choices of how you could get there.

You could find a way on foot, sliding into ravines and trudging up switchbacks.

Up every cliff and down. Mile after mile.

Or...

You could float above it in a hot air balloon. Letting the wind carry you across.