Forté Capital’s Selected Statistics
Annualized Quarterly Real U.S. GDP Growth
U.S. economic growth has been hovering around 2% for the past four quarters. As the effects of higher interest rates weigh on businesses and consumers, the likelihood of inflation rises. The recent UAW wage demands (36% over four years) illustrate the nature of this vicious cycle: Higher wages mean higher expenses, leading to higher prices and more wage demands.
Civilian Unemployment Rate
The U.S. unemployment rate has remained below 4% since January 2022, illustrating both the tightness in the job market and the dilemma for the Federal Reserve. In order to bring down inflation, the Federal Reserve has attempted to slow the economy with higher rates and restricted credit so as to cause weakness in the labor market, layoffs, and declining wage demands.
The information herein was obtained from various sources believed to be accurate; however, Forté Capital does not guarantee its accuracy or completeness. This report was prepared for general information purposes only. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities, options, or futures contracts. For further information, visit www.fortecapital.com, send a message to email@example.com, or call 866-586-8100 and ask for David W. Henion, CPA, or Larry H. Rabinowitz, CPA/PFS.