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Guest Post: 2Q Financial Markets and Economics Update - Second Quarter 2024

Jeff For Banks

Financial Markets Update – Second Quarter 2024 A dream vacation! Consumer spending and retail sales are declining this quarter as people cope with high inflation, especially on food prices. Retail store closings have escalated as sales weaken and retail theft skyrockets. So, you tell me, is this a strong labor market?

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Never Satisfied The markets never seem to be satisfied. The Federal Reserve recently took heed of market and economic messages, ending its tightening campaign and beginning its “patience” campaign. The markets hardly seemed satisfied with these two moves as they began building in rate cuts. Who said anything about rate cuts?

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Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

As the stock market faltered in March, we saw the Federal Reserve step up with emergency rate cuts and Quantitative Easing to buy bonds. As stocks worsened and bond markets traded in a volatile and chaotic manner, the Fed once again stepped in with a surprise rate cut (on a weekend!) The actions taken by the Fed stabilized markets.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) Weak readings on employment, housing data, and retail sales won’t stop them. Here we are in July already! trillion in 2008.

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Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

Financial Markets & Economic Update- Third Quarter, 2019 Summer is upon us and I cannot wait to get to the beach for vacation. Although business confidence fell from the uncertainty, stock markets were reaching new record highs on many of indices. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

percent in 2004, a decline of 1.1 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

Some of the best discussions from Money 20/20 centered around three key megatrends: Megatrend #1 – Retailers Want the Smart POS. Retailer perspective sessions emphasized improving the consumer’s buying experience versus the payment experience. market will be very far away. Keep your eyes on this innovator.