Tariffs are here and in a big, big way, much bigger than anyone expected. And the levels shared by President Trump aren’t really reciprocal tariffs. The calculation of new tariff rates is based on the trade deficit the US has with each country and has nothing to do with actual tariffs other …
The impact of government stimulus checks continues to permeate economic data. Personal income rose 10% in January, and disposable income rose 11.4%. Where did the money go? It primarily bought goods or was saved. Goods spending rose 5.8% in January, and the personal savings rate jumped to 2 …
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American consumers put their stimulus checks to work last month. Retail and food service sales rose 5.3% in January, after declining 1.0% in December (Figure 1). Compared to one year ago, sales are 7.4% higher. The strong data resulted from the stimulus checks and declining virus cases. Bec …
U.S. inflation rose 0.3% last month and is now up 1.4% for the year (Figure 1). Investor concern about inflation has increased in recent months against the backdrop of large stimulus packages and hopes of an economic recovery. Pushing back against that concern is a slowly recovering labor …
Jamie Hopkins, Director of Retirement Research at Carson, and Senior Wealth Planner, Krista Thompson, break down how the right tax planning process can help you during tax season.
The U.S. employment situation remains lackluster. Only 49,000 new jobs were created in January. Unemployment dropped but only because labor force participation fell from 63.4% to 61.4% (Figure 1). As COVID-19 cases have dropped this year, some improvement is expected in coming months. Vacc …
