Sharkey, Howes & Javer

This week on “Inside the Economy”, we discuss the consumer & the U.S. economy. With inventory levels on the rise, the Federal Reserve continuing to raise interest rates, and gas prices moving back down, the U.S. consumer is hoping for inflation to cool as we move into the end of the year. With many saying that the U.S. Economy is heading for a recession, what does that actually mean for the stock market and what can we learn from the past? Tune in to learn about this and more! Key Takeaways: Oil drops below $90 30-year mortgage rates above 6% Natural gas prices continue to rise Mortgage delinquencies & foreclosures at all-time lows

This week on “Inside the Economy”, we discuss jobs and housing. Layoffs and initial jobless claims remain at low levels, along with increases in the labor participation rate. Mortgage payments as a percentage of income have jumped as we continue to see mortgage rates increase and home prices adjust down, but how is this different from what we saw in 2008? Tune in to learn about this and more! Key Takeaways: Jobless claims hold steady Corporate profit margins on solid footing Mortgages approaching 6% Consumer spending starting to slow

This week on “Inside the Economy”, we discuss inflation & housing. The Consumer Price Index shows us that inflation may have hit its peak, but goods and services spending remain strong and the Fed continues to show its willingness to raise rates to try to tame inflation. The supply of homes in the U.S. has risen as new loan applications fall with the increase in mortgage rates, but what does that mean for the housing market going forward? Tune in to learn about this and more! Key Takeaways: US industrial production continues to rise Used car market weakens Oil hovering around $90 Mortgage rates back up above 5%

This week on “Inside the Economy”, we discuss consumer debt & real estate. Consumer debt continues to rise alongside a decline in the personal saving rate to pre-pandemic levels. Home prices have started to come down as mortgage rates rise above 5%, but what does this mean for new home buyers and the economy moving forward? Tune in to learn about this and more! Key Takeaways: S&P 500 estimated earnings remain strong Unemployment numbers shift lower Oil back down to $90 Major indices trend up in July

This week on “Inside the Economy”, we will dive a little deeper into June’s headline vs core inflation numbers. As oil drops below $100/barrel, will that signal the peak of inflation? In the housing market, loan applications decline to a level we haven’t seen in over two decades. Where will mortgage rates end up? Tune in to learn more! Key Takeaways: 10-year treasury yield is around 2.9% 30-year mortgages are closing in on 6% Jobless claims tick up

This week on “Inside the Economy”, we discuss consumer prices and potential recession. As inflation continues to remain high, we are seeing increased gas & food prices but also lower logistics costs & home prices. What does that mean for our wallets in the coming months? There has been talk of recession, but what does that mean for the consumer and are there any surprises in the economy moving forward? Tune in to learn about this and more! Key Takeaways: S&P 500 forecasted earnings remain strong Oil back below $100 S. Dollar continues to strengthen New U.S. manufacturing construction hits new highs

This week on “Inside the Economy”, all eyes continue to be on inflation as well as mortgage rates. We’ve seen energy, metals and other commodities trend lower, which should create some relief in the overall inflation numbers. As the Fed continues to raise short term rates, mortgage rates continue to climb. This is creating some softness in home prices and new homes being built. Will this impact the rental market? Tune in to find out. Key Takeaways: Oil falls off highs, down to $104 per barrel 30-year mortgages are closing in on 6% The 10-year treasury yield is above 3%

This week on “Inside the Economy”, we discuss consumer spending and housing. With credit card spending on the rise and savings rates moving down, how long will this strong consumer spending last? Net home sales have seen a national pullback, and with mortgage rates in the high 5% range, where do we think the housing market is going? Tune in to learn about this and more! Key Takeaways: S&P 500 Price-to-Earnings ratio adjusts down to 16 Oil above $120 Core inflation sitting at 6% Unemployment rate of 3.6%

This week on “Inside the Economy”, we discuss a full economic agenda including inflation, the stock market and news on global food supplies. Job openings continue to rise, and data suggest people 65 and older haven’t returned to the workforce since April 2020. Will we see this change due to higher gas and food prices? The stock market continues to experience volatility and how bad is the water crisis in the middle east? Tune in to find out. Key Takeaways: Oil remains above $100 per barrel 30-year mortgages are closing in on 6% The 10-year treasury yield falls to 2.85%

This week on “Inside the Economy”, we focus on the latest reports and economic data. First quarter GDP numbers surprised to the down side and reported as -1.4% year over year. The contraction in GDP largely was due to the trade imbalance and less government spending. Will we see more negative GDP numbers in Q2? We also look at rising yields and mortgage rates. Will the Federal Reserve aggressively continue their rate hike campaign and what does that mean for the global economy? Tune in to find out. Key Takeaways: Oil remains above $100 per barrel 30 year mortgage rates climb above 5% The 10 year treasury yield reaches 3%.

This week on “Inside the Economy”, we discuss Employment and Inflation. We are currently seeing elevated costs of employment, along with low jobless claims, but what does that mean for the economy going forward? Inflation continues to remain at elevated levels, but will the Federal Reserve raising interest rates help to bring it back down? Tune in to learn about this and more! Key Takeaways: Oil above $100 Natural gas prices increase 30-year mortgage rates up to 5% 2021 average tax returns see a boost

This week on “Inside the Economy”, we focus on the consumer and corporate profits. The labor force participation rate is climbing and has almost returned to pre-pandemic lows. Mortgage rates are rising, up almost to 5% on a 30-year fixed. Will this impact household spending? How about savings? Corporate profit margins turned in another good quarter. Tune in to learn about this and more! Key Takeaways: Oil stays around $100 per barrel Mortgage payment to income ratio climbs Major indices have started to rebound from recent lows.

This week on “Inside the Economy”, we discuss the Federal Reserve and energy prices. As the Federal Reserve raises interest rates, how will that effect inflation and where do we think interest rates will be by the end of the year? Energy prices are sitting at elevated levels, but how long will this persist and what does supply look like going forward? Tune in to learn about this and more! Key Takeaways: Oil stays above $100 Equity markets rebound on earnings outlook 30-year mortgage rates up to 4% Retail sales up 8% from pre pandemic levels Unemployment under 4%

This week on “Inside the Economy”, we discuss the tragedy in Ukraine and the economic impacts it may have on a global scale. Oil prices have been rapidly increasing, will this continue? Is the real estate market a bubble or far from it? In other news, legal immigration gets back on trend after the pandemic. Tune in to learn why this is a good thing and more! Key Takeaways: Oil climbs above $120 per barrel 30-year mortgage rates slide to 3.76 Russia holds very little U.S. Treasury securities

This week on “Inside the Economy”, we discuss the expected Fed rate hikes and spending within the economy. There is a lot of discussion on the potential for the Fed to begin raising rates starting in March 2022, but how much will they hike and what does that mean for the economy and the stock market? We are continuing to see all-time highs in retail sales. At what point does the supply finally catch up to the demand? Tune in to learn about all this and more! Key Takeaways: Mortgage rates cross over 4% Core inflation comes in at 6% (YOY) 10 Year Treasury rises above 2% U.S. petroleum consumption continues to decline

This week on “Inside the Economy”, we gear up to follow and monitor holiday sales. Will this be a record year for sales? The stock market has seen some recent volatility due to a variety of headlines including corporate earnings revisions. Is this pull back healthy for the stock market long term? What is the annual wage of Chinese factory workers and what is the significance? Tune in to learn about all this and more!   Key Takeaways: 30 year mortgages rise to around 3% Household cash and cash-equivalents continue to climb Grain prices begin to pull back

This week on “Inside the Economy”, we discuss Inflation and the continued economic recovery. With inflation on everyone’s mind, we discuss where it sits currently, why it’s hanging around 3.6, and what makes us think those levels won’t be here to stay. In regards to the continued economic recovery, we are seeing continued strength in equity markets, increasing rent prices in both apartment and single-family homes, and jobless claims continuing to decrease. Tune in to learn about all this and more!   Key Takeaways: The yield curve flattens a touch over the past week Crude Oil prices stay above 70 Steady increases in both Employee Compensation and Gov’t Social Benefits