The Inflation Reduction Act of 2022 includes updated tax credits for electric vehicle (EV) purchases and energy-efficient home improvements such as heat pumps and solar panels that may have your clients taking notice. However, the provisions can be somewhat confusing.
Months of rising inflation, higher interest rates, and slowing growth have left politicians, economists, investment professionals, and ¬— most important — your clients asking the same question: Are we in a recession?
After months of inflation concerns, your clients may have found comfort in July 2022’s monthly inflation figures, along with lower gas prices they are seeing at the pump. Even though the pace of inflation slowed in July, the annual inflation rate remains 8.5% — close to a multi-decade high.
As people returned to work and a host of economic factors took hold, 2022 is providing a reality check for tech investors. The sector is seeing massive sell-offs, and tech indexes are now firmly in bear market territory.
As if anyone needs a reminder of inflation’s impact on 2022, U.S. consumers continue digging deeper in their wallets as inflation hit its highest point in 40 years.
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2021 has been another year of disruption. The pandemic has continued to affect lives, and supply-chain disruptions and inflation are having a far-reaching impact on the economy.
In the past, it might have sounded too easy to summarize a year by saying it’s been unlike any other. But 2021 has been a year spent navigating truly uncharted territory — the second calendar year of the Covid-19 pandemic; the first months of the vaccine era; continued economic and social fallout from the pandemic; changes in political leadership; and the mainstreaming of new technologies.
American investors may be hearing varying messages about how long the current period of inflation may last and how much higher prices are likely to go. But they’re receiving a consistent message from one source — their wallets.
Interruptions in the supply chain have made scarcity a day-to-day business reality in 2021, impacting the availability of manufacturing components, finished products on store shelves, and the cost of everything from cars to books to new homes.