The Federal Reserve Bank of New York recently completed their April Survey of Consumer Expectations. A few key observations:
· While consumer confidence in declining inflation rates may be waning, consumers still expect inflation rates to trend lower over the next one, three and five-year periods (3.6% to 3.2% to 2.7% respectively).
· Consumers feel household expected income growth to be at 2.6% (the lowest expected growth rate since 2021), not keeping pace with inflation.
· With respect to overall household financial situations, 36.3% of respondents feel they will be financially worse off a year from now (26.8% say somewhat worse off, 9.5% say much worse off). This is up from 30.0% in March and 27.4% in February.
To read the full article, please click the link below:
https://www.newyorkfed.org/microeconomics/sce#/
As we navigate market uncertainty, we at Curran Wealth continue to stress the importance of staying invested. Thank you for making us your trusted financial advisor.
Sincerely,
Tom Curran
Founder & Co-CEO
Curran Wealth Management
At Curran we value service over sales and believe quality service yields happy clients. Below is our 4-step process (the first three steps at no cost to you).
A short introductory call for us to get to know one other. During this call we will discuss your financial goals, concerns and hopes for the future.
In this meeting we will go over your current financial situation, take a deeper look at your goals, discuss your risk tolerances, and collect the data necessary to build a formal proposal.
Based on our data gathering session, our Private Wealth Managers will present you with a custom proposal tailored to your needs. We encourage individuals to take the time to evaluate this proposal.
If you are comfortable with the proposal and choose to invest with Curran, our team will be there every step of the way assisting in opening the recommended accounts and facilitating all necessary parts of your onboarding process.
