Weekly Market Update

Obsidian Market Update 09/30/23

Economic Update

Interest Rates Hold Steady, For Now

When the Board of Governors of the Federal Reserve met on September 19 and 20, it kept interest rates steady at 5.25% to 5.5% despite the inflation rate remaining above the Board’s target of two percent. For perspective:

Obsidian Market Update 09/23/2023

Economic Update

A Bull or a Bear in the China Shop?

Data released by China’s National Bureau of Statistics indicated a slight increase in retail sales (4.6%) and industrial production (4.5%) in August. Will these increases offset the slowdown in China’s real estate sector and consequent default by property developers? Are the Chinese government’s efforts to stimulate […]

Obsidian Market Update 09/16/2023

Economic Update

Federal Student Loan Repayment Resumes

As of March of 2020, the U.S. Department of Education put a moratorium on federal student loan payments (“administrative forbearance”) and set the interest rate at 0%. The pause on interest accrual ended on September 1, 2023, and approximately 43 million borrowers must resume payments as early as October 1, […]

Obsidian Market Update 09/09/2023

Economic Update

Commercial Real Estate & Environmental Sustainability

CBRE, the global commercial real estate company, recently released its North American City Sustainability Study. Of the 60 markets CBRE Econometric Advisors studied, 10 North America cities were ranked as the “best positioned to withstand the impact on property values from both transition and […]

Obsidian Market Update 09/02/2023

Economic Update

Basic Protections for Adult (18+) Children 

It’s every parent’s nightmare to learn that one of their adult children (age 18 and older) has been hurt in an accident. The nightmare gets worse when, in most states, parents are told “Sorry, under HIPAA (Health Insurance Portability and Accountability […]

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