Wealth Management News & Resources
April 30, 2018
MAIN STREET SUSTAINS ITS OPTIMISM
America’s two most respected consumer confidence indices just improved. The University of Michigan’s final April household sentiment gauge rose a full point from its initial reading to 98.8 last week, and the Conference Board’s index came in at a great 128.7 for April – 1.7 points higher than its March mark.
April 23, 2018
CONSUMERS BOUGHT MORE IN MARCH
According to a report from the Department of Commerce, retail sales jumped 0.6% last month. That was the biggest monthly gain recorded since November (and the first monthly advance of 2018). Sales of cars and trucks were up 2.0%, making March the best month for that category since September.
Bruce Frankel of Eckhoff Wealth Management, LLC and Michele Hassid of Eckhoff and Company have been invited to participate in a dynamic seminar series entitled “What’s the Solution to Capital Gain Taxes in Real Estate?”
The series is hosted by Zephyr Real Estate and will be held at their Marin office, located at 350 Bon Air Center, Suite 100, Greenbrae, CA 94904.
April 16, 2018
CONSUMER SENTIMENT INDEX DESCENDS SLIGHTLY
In its initial April edition, the University of Michigan’s survey of household sentiment saw its index decline to 97.8 from its final March reading of 101.4. The survey’s chief economist, Richard Curtin, believed that “uncertainty surrounding the evolving [U.S.] trade policy” affected the reading, but he added that “confidence still remains relatively high.”1
A SURPRISE RETREAT FOR THE HEADLINE CPI
Economists polled by Briefing.com assumed the Consumer Price Index would rise 0.1% in March.
April 9, 2018
HIRING WEAKENED IN MARCH
Payrolls expanded by only 103,000 net new jobs last month, according to the latest employment report from the Department of Labor. Some economists wondered if harsh weather distorted the number (job growth was also poor in March 2015 and March 2017).
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