IMF Raises Global GDP Growth Forecast for 2024

By Tom Burnett CFA On April 16, 2024, the International Monetary Fund (“IMF”) released its quarterly estimates for global GDP growth.  The new figure is now 3.2% for 2025, an increase from 3.1% in its January release and from 2.9% in its release  from last October.  World Consumer Prices are now…

Retiring Comfortably: The Conversation with Your Clients by Colleen Kelleher Sorrentino, Stacey Mankoff, 4/9/24 Planning for retirement is a journey that requires careful consideration and strategic decision-making. As your client prepares to retire, one of the first questions to ask is, “How much income…

By Tom Burnett CFA On April 10, 2024, the Bureau of Labor Statistics released the CPI Report for March 2024.  The Index rose by 0.4% in March, the same increase as in February.  The Index rose 3.5% for the 12 months ending in March, a larger increase than February’s 3.2% increase or the 3.1% increase…

By Tom Burnett CFA On April 5, 2024, the Bureau of Labor Statistics released its Employment Report for March 2024.  Total nonfarm payroll employment rose by 303,000 in March, well above the 231,000 monthly average for the previous 12 months.  The unemployment rate remained at 3.8%.  Some 6.4 million…

By  Tom Burnett CFA On March 12, 2024, the Bureau of Labor Statistics released consumer price information for the month of February.  The CPI rose 0.4%, after rising 0.3% in the prior month.  On a 12-month basis,  the CPI increased by 3.2%, compared to an increase of 3.1% in January. The Core Index…