With inflation coming in above estimates, personal savings have been depleted in many middle and lower-income households. Real wage growth continues to trend negatively.
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The key to successfully navigating 2022 is keeping a commonsense approach to proactive risk management, controlling emotion in the decision-making process, and having patience.
As a result of reported 7.1% inflation as measured by the Headline Consumer Price Index (CPI), Chairman Powell’s comments on the plan to reduce and
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