Current Events

The price of food has hit the highest levels since 1974. US consumers are beginning to face the worst bout of food inflation in decades. As an American, you are accustomed to living in the land of plenty but you could be facing issues with food supplies in the coming years.

In hopes of stimulating the economy during the COVID-19 pandemic, the federal government passed the CARES Act, that not only provided aid to those in need but included changes to your retirement plan. As we near the end of 2020, we wanted to provide you with the latest information on how the CARES Act impacts you, your retirement, and your taxes.

It’s normally easy to keep track of your numerous financial deadlines, but this year got off to a rocky start, and consequently some financial deadlines were pushed back by the Federal Government. I suggest reviewing the list below and updating your calendar as needed so you don’t miss these important deadlines!

As the Coronavirus continues to spread worldwide, so do phishing attacks disguised as helpful information on the outbreak. Security experts report an uptick in phishing messages being sent to businesses and individuals on the topic.

A Recession is Not on the Horizon for the U.S.

Global interest rates are plunging as investors brace for a worldwide slowdown. Global investors have now pushed the yield on the benchmark 10-year Treasury note down to 1.46%, with most of the drop occurring over the past three weeks. We also recently saw the U.S.

It seems like the daily news is full of impending recession warnings from a media desperate to see the current president lose his bid for re-election. (When you look back at history, the start of a recession during an election year has not bode well for an incumbent.

The 2019 corn crop looks set to go from bad to worse, which should boost prices of the grain at the grocery store, in addition to pushing the cost of beef, chicken, and pork higher with it.

You certainly wouldn’t be the only one wondering this. The unemployment rate hasn’t been this low since Neil Armstrong walked on the moon, inflation is close to non-existent, and the US economy is expected to grow 2.5% in 2019. Shouldn’t interest rates be rising?

First it was the looming shortage in U.S. corn supplies; now we have a global pork supply problem. Pork supplies are expected to drop by the largest percentage ever. The record-breaking drop in global pork production will mean a massive shortfall of meat.

Is a Nasty Surprise Looming at the Grocery Store?

U.S. farmers are millions of acres behind their usual pace of corn planting this spring because of flooding, which may lead to a supply shortage. Some analysts believe it will lift prices to their highest in five years by year end.